December 28, 2018 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 21-23 Mansfield Street in Gloucester, Massachusetts. The four-unit apartment building sold for $575,000 at $143,750 per unit.
The Property is a 2.5-story, 3,093 square foot, multi-family building on a 0.07-acre lot with three off street parking spaces. The building contains four residential units made up of (2) four-bedroom townhouse units and (2) two-bedroom garden level units. The property is located in a residential neighborhood overlooking Gloucester Harbor and the famed Gloucester Fisherman’s Memorial. 21-23 Mansfield is conveniently located near the Gloucester Commuter Rail Station (0.4 miles) and Gloucester High School (0.4 miles).
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.