February 15, 2022 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 3-unit multi-family building in Somerville, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a price of $1,580,000.
The multi-family property is located at 10 Thurston Street in Somerville, Massachusetts. The three-story building contains three (3) total units, consisting of two (2), 3-Bedroom/1-Bedroom units and one (1) 2-Bedroom/1-Bathroom unit with 3,239 square feet of living area in 4,848 gross square feet on a 0.07-acre parcel. The building features recently renovated units with condo-quality kitchens and bathrooms with stainless steel appliances, granite countertops, upgraded cabinets and new flooring. Utilities are metered separately (including water & sewer) and the property also features (1) one tandem, off-street parking space for up to three (3) vehicles. 10 Thurston Street represented the rare opportunity to acquire a fully renovated asset in one of the hottest real estate markets in the region that is poised for future growth. 10 Thurston Street is exceptionally well-located in the Winter Hill neighborhood, in the path of the future Green Line Extension, less than two miles from the popular shopping, dining, fitness and entertainment options at Assembly Row. The highly-walkable neighborhood offers a multitude of appealing live-work-play amenities, convenient public transportation and highway access, as well as proximity to the nearby commercial centers of Harvard Square, Kendall Square and Downtown Boston.
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.