December 28, 2018 – Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of 43 Lincoln Street in Cambridge, Massachusetts. The multi-family property sold for $1,300,000, a 4.24% cap rate.
43 Lincoln contains a mix of one and two bed-room units in 2,770 square feet of living space on a 0.04-acre lot with off-street parking and separately metered utilites. Situated in a densely populated residential neighborhood, the apartment building is within walking distance to Kendall Square, one of the most prominent hubs of technology and biotechnology in the world.
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.