July 23, 2021 – Dennis Kelleher, John Pentore and Steve Girolamo of Horvath & Tremblay have successfully completed the sale of a 12-unit multi-family property in Everett, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,350,000.
The property is located at 138 & 142 Vernal Street in Everett, Massachusetts. The property consists of two adjacent, three-story buildings containing a total of twelve (12), 1-Bedroom/1-Bathroom units with 7,230 square feet of living area in 10,900 square feet of total gross area on 0.115 acres of land. The property also features ten (10) off-street parking spaces. The Property is located adjacent to a high-density, urban-infill corridor in Everett. The location offers convenient access to Route 99, Route 1, Route 16, Interstate-93, Assembly Row, Kendall Square and Downtown Boston. 138-142 Vernal Street is located less than 2-miles from Gateway Center, anchored by Costco, Home Depot & Target, and from the new Encore Boston Harbor Resort & Casino. Public transportation is readily available on Ferry Street with MBTA buses providing regular service to the Malden Center and Wellington stations on the MBTA’s Orange Line.
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.