July 18, 2019 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of 1 Beacon Street in Somerville for $3,425,000. Kelleher and Pentore exclusively represented the seller, 1-3a Beacon St LLC, and buyer, 42 North Capital, LLC.
1 Beacon Street is a three-story, mixed-use property containing two, street-level retail units (Starlight Lounge and Parlor Sports) and four, 3-bedroom residential units. The Property contains 7,010 square feet of livable area, within 10,596 square feet of gross area, on a 0.13-acre corner lot. The Beacon Street asset is located just one block from the Inman Square intersection at Cambridge and Hampshire streets that gives the neighborhood its name. The high-density neighborhood is home to numerous neighborhood services, retailers and a myriad of popular dining, drinking and entertainment options, all of which make Inman Square one of the most desirable places to live in the Boston area.
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.