April 18, 2019 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of 69 Forest Street in Watertown, Massachusetts. Delivered vacant at closing, the apartment building closed at a sale price of $899,000.
69 Forest Street is a value-add, multi-family, investment property containing three, two bedroom/one bathroom apartments with six rooms in 3,515 square feet of living area. The property features off-street parking, separately metered utilities and 3 newer boilers and hot water heaters. The property is well located in a high-density residential neighborhood adjacent to the many shops, businesses, bars and restaurants in the vibrant commercial center of Watertown Square as well as approximately 6 miles west of Downtown Boston.
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.