February 26, 2019 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of 25 Gore Street in Cambridge, Ma for $3,110,000, at $518,333 per unit and $550 per foot.
25 Gore Street, situated just steps from Lechmere Station, is a value-add, 3-story, 6-unit apartment building with 5,646 of livable area. The property is located in booming East Cambridge, just outside of Kendall Square and steps from Cambridge Crossing. Cambridge Crossing is a 43 acre mixed-use development that will have, once completed, 2.1 million square feet of commercial space, 2.4 million square feet of residential, 100,000 square feet of retail space and 11 acres of open space. 25 Gore Street, delivered vacant at closing, offers the incoming buyers the opportunity to own a multi-family property in one of the strongest real estate markets in the region.
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.