January 25, 2022 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of Longwood Row, a new construction, thirty-four (34) unit mixed-use property in Boston, Massachusetts. The property closed at a sale price of $22,500,000, which is $661,765 per unit.
Longwood Row is located at 1-3 Sewall Street, 1470 Tremont Street, and 1472-1474 Tremont Street in the Mission Hill neighborhood of Boston. Longwood Row is a new construction, boutique luxury living community, including 29 residential units at 1 Sewall Street, which are comprised of twenty-five (25), 1-Bedroom units, three (3), 2-bedroom units and one (1) studio unit, one (1) commercial unit on the first floor of 1470 Tremont Street and the completely renovated four (4), 4-bedroom duplex units in the original stone buildings at 1472-1474 Tremont Street. Longwood Row offers all its residents the highest amenities available including a fitness center, garage parking, and shared common roof deck with grills. The property is situated in an incredible urban infill location at the intersection of Tremont Street and Sewall Street.
Longwood Row enjoys unparalleled access to public transportation as it is 0.1-miles from the Roxbury Crossing T-Station (Orange Line) and several MBTA bus stops, and is 0.5-miles from the Fenwood Road and Brigham Circle T Stations (Green line). Mission Hill consistently rates as one of the best real estate markets in the region due to its high-density neighborhoods, quality-of-life amenities, public transportation access, educational institutions and proximity to Downtown Boston. Longwood Row is just steps from the Longwood Medical Area, Harvard Medical School, and Northeastern University. In addition to the numerous employers are a myriad of shopping, dining, and entertainment options.
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.