January 28, 2019 – Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of a 4-unit apartment building located at 13-15 Emerson Street in Newton, closing for a price of $1,380,000 at a 5.1% cap rate and $345,000 per unit.
Situated just outside of Newton Corner, the property contains four residential units in 4,095 square feet of living area and sits on a 0.2 acre lot with off-street parking for six vehicles. 13-15 Emerson Street contains (2) one-bedroom/one-bathroom units on the first floor and (2) three-bedroom/two-bathroom duplex units on the upper floors. The subject property is located less than 0.3 mile from access to I-90, providing residents with quick and convenient access to Downtown Boston, Logan International Airport and The Route 128 Technology Corridor.
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.