September 23, 2021 – Mike McCarthy, John Pentore and Dennis Kelleher of Horvath & Tremblay have successfully completed the sale of a 5-unit Multi-Family building in South Boston, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,100,000.
523-525 East Third Street is a three-story building in the South Boston, “Southie”, neighborhood of Boston, Massachusetts. Centrally located in the heart of Southie and less than a mile to The Seaport, the Property represents an outstanding core asset in one of the strongest real estate markets in the region. The three-story building contains five residential units plus a commercial garage. The unit matrix consists of two (2), 2-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom units, and two (2), studio units in 3,900 square feet of living area on a 3,000 square foot parcel. The Garage offers parking for two vehicles, and three of the units have Roof Decks. 523-525 East 3rd Street is situated in an exceptional urban location in South Boston just off of East Broadway, one of the main streets in the neighborhood. The East and West sides of Broadway offer countless amenities, with endless dining, retail, and nightlife options, and an MBTA bus stop just 0.1 miles from the Property. The location offers convenient access to Boston’s best areas, including the Seaport District, Downtown Boston, Back Bay, the North End and the South End.
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.