July 19, 2022 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 115 G Street, a 3-unit apartment building in South Boston, Massachusetts. The desirable asset sold for $2,605,000 and $868,333 per unit.
Situated in an incredible South Boston, “Southie”, location, the property consists of a three-story, three-unit building comprised of one (1) 4-Bedroom/2-Bathroom unit and two (2) 3-Bedroom/2-Bathroom units with 3,759 square feet of living area in 4,713 gross square feet on a 0.05-acre parcel. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes, including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, new windows, new roof, upgraded electrical service and hardwood flooring throughout. Utilities are separately metered, and units include in-unit washers & dryers. Additionally, there is a beautifully landscaped, large backyard creating an urban oasis type feel for tenants of the property. 115 G Street is situated in an exceptional urban location in South Boston, a short walk to both Dorchester Street and Broadway, the two main streets in the neighborhood, as well as to MBTA Bus and T service. The area offers countless amenities, with endless dining, retail, nightlife, and beach/park options. 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, and is a short driving distance to I-93. 115 G Street is also located steps to Carson Beach. The Property is also within 1-mile of Andrew Station with service on the Red Line and 1.5-miles of Newmarket Station and the University of Massachusetts Boston Campus.
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.