May 15, 2019 – Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of 188-194 Thorndike Street in Cambridge, Massachusetts. The gut renovated, condo quality property sold for $3,475,000, at $868,750 per unit, a record setting price for the area. Kelleher and Pentore exclusively represented the seller, 194 Thorndike St, LLC, an affiliate of 42 North Capital.
188-194 Thorndike Street is exceptionally well located on a residential side-street in East Cambridge, just outside of Kendall Square, one of it not the top life-science cluster in the country. The four-family property is a 2018 gut-renovated asset featuring high-end, condo-quality, floorplans and appliances including open kitchens with center islands, stainless steel appliances, quartz countertops, custom white cabinetry, designer lighting, central air and in-unit laundry. The location is an easy walk to Kendall Square/MIT Station (red line), Lechmere Station (green line), MIT, downtown Boston and numerous dining and nightlife options on Cambridge Street.
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.