November 5, 2020 – Dennis Kelleher, John Pentore, Ryan Benton, and Michael McCarthy of Horvath & Tremblay have successfully completed the sale of a five-unit Multi-Family building in Allston, Massachusetts. The team exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,400,000, which is $480,000 per unit.
The two-story building is located at 41 Long Avenue in Allston, Massachusetts and contains five (5) units consisting of four (4), 3-Bedroom/1-Bathroom units and one (1), 4-Bedroom/1-Bathroom unit in 4,862 square feet of living area on a 0.124-acre parcel. The property features off-street parking for nine cars (six tandem parking spaces). The Property is situated in an excellent urban location in the heart of the densely populated Allston-Brighton neighborhood of Boston. 41 Long Avenue is situated in an excellent urban location between Allston and Commonwealth Avenues. The Property is within a mile of St. Elizabeth’s Medical Center, Boston University, and Boston Landing, a 15-acre mixed use development adjacent to the New Balance World Headquarters Building. 41 Long Avenue is located just a few hundred yards from the MBTA Green Line Stations at Griggs Street and Allston Street. The Property is conveniently located near the Massachusetts Turnpike (I-90) and is a short walk to Brighton and Commonwealth Avenues. Several MBTA Bus Routes stop nearby on Brighton Avenue.
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.