November 28, 2022 – Dennis Kelleher, John Pentore and Stephen Girolamo of Horvath & Tremblay have arranged the sale of 127-133 Washington Street in Lynn, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to close on the property at a sale price of $3,500,000.
The Property consists of two buildings with a total of seventeen (17) residential units. 127 Washington Street is comprised of fifteen total units consisting of twelve (12), 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 11,253 square feet of living area in 15,244 square feet of total gross area. 133 Washington Street is a two-family building with two (2) 3-Bedroom/1-Bathroom units in 2,532 square feet of living area. The two buildings are situated on 0.36-acres of land. The Property has convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square. The Central Square commuter rail station, with service to Boston’s North Station, is just 0.4 miles from the Property and MBTA Bus Route 435 stops less than 200 feet away on Washington Street. Lynn is 11 miles from Downtown Boston, which is easily accessible via the commuter rail or Routes 1 and 1A. The Property is situated just outside of Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities and is in close proximity to the Stop & Shop, Central Square, Price-Rite, BayRidge Hospital and North Shore Community College.
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.