February 5, 2020 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of 93 Second Street in Cambridge, Massachusetts. Situated just outside of Kendall Square and steps from the Lechmere Green Line T-Stop, the apartment building sold for $2,230,000 at a 5.1% cap. Kelleher and Pentore represented the seller, Uep Second LLC, and affiliate of Torrington Properties.
93 Second Street is a turn-key, three-family, investment property located in the East Cambridge neighborhood of Cambridge. In total, the three units consist of 8 bedrooms and 5 bathrooms in 3,308 square feet of living area (4,396 square feet of gross area) on a 0.07-acre lot with off-street parking. The Property is exceptionally well-located immediately adjacent to the commercial center of Kendall Square and across the Charles River from Downtown Boston with convenient access to numerous amenities and public transportation options including the Lechmere Green Line T-Stop, which sits 0.2 miles away. 93 Second has been recently renovated with modern finishes including granite countertops, stainless steel appliances, new bathrooms, hardwood floors and central air conditioning.
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.