November 6, 2020 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 100 Prospect Street in Gloucester, Massachusetts. Girolamo exclusively represented the buyer to close the transaction at a sale price of $1,125,000.
100 Prospect Street is a multi-family property, containing nine units in Gloucester, Massachusetts. The three-story multi-family building is comprised of nine efficiency, studio and 1-Bedroom units in 4,400 square feet of living area on a 0.25-acre parcel with nine off-street parking spaces. The property has been well maintained and has an attractive wood façade. 100 Prospect Street is exceptionally well located in the heart of downtown Gloucester. The property is just 1/3-mile from local area shopping including a Shaw’s supermarket, and numerous restaurant and shops, 1/2-mile from Harbor Cove, and less than 3-miles from the West Gloucester MBTA Train Station with service to Boston along the Newburyport/Rockport Line. The property is less than 1-miles from the Yankee Division Highway/Route 128.
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.