July 7, 2022 – Dennis Kelleher, John Pentore and Mike McCarthy of Horvath & Tremblay have successfully completed the sale of a 12-unit Multi-Family building in Hyde Park, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,310,000.
153-157 Neponset Valley Parkway in Hyde Park, Massachusetts is comprised of two (2), two-story, brick buildings containing twelve (12) units, consisting of ten (10), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units in 9,720 square feet of gross area on a 0.28-acre parcel. The Property includes 12 off-street parking spaces and an on-site laundry facility. Each unit is separately metered for electricity and hot water (gas fired), which the Tenants pay directly. The Landlord is responsible for heat (forced hot-water baseboard) and water and sewer. The Property is well-located on Neponset Valley Parkway, a historic parkway in Hyde Park, the southernmost neighborhood of the city of Boston. The Property is in a transit-oriented location, just 0.3-miles from the Readville Commuter Rail Station, which also features stops for MBTA bus routes 32 and 33, and less than 10 minutes from some of Boston’s primary highways, including I-95, I-93, and US Route 1. Commercial activity in Hyde Park is centered around Logan and Cleary Squares, less than 2-miles from the Property, with a variety of retail, dining, and entertainment amenities featuring a mix of national and local businesses. Additionally, the Property is just 0.7-miles from the nearby Amazon Warehouse in Dedham.
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.