May 1st, 2019 –Stephen Girolamo of Horvath & Tremblay has successfully completed the sale of 352 Main Street in Gloucester, MA. The property sold at a price of $875,000 and $191 per foot.
352 Main Street is a 7-unit mixed-use investment property (four apartments, three retail) consisting of (2) one-bedroom units, (2) two-bedroom units, Victoria’s Nails (occupies 2 retail spaces), and Albert barber shop. Property amenities include co-op laundry, gas cooking, and lead certifications. 352 Main Street is well located across from Gloucester’s Inner Harbor and just 0.3 miles from the start of Route 128 (Yankee Division Highway). The property also benefits from its location on the Cape Ann Transportation Authority’s (“CATA”) Red Line bus route, providing quick connections to the Gloucester Commuter Rail Station on the MBTA’s Boston-Rockport line.
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.