March 31, 2023 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of The Cameron, an 8-unit apartment building in Brookline, Massachusetts. The desirable asset sold for $4,220,000 and $527,500 per unit.
The Cameron is a multi-family investment property located at 40-42 Cameron Street in Brookline, Massachusetts. The Property consists of a meticulously maintained four-story brick building containing eight (8) 2-Bedroom/1-Bathroom units with 8,204 square feet of living area in 11,878 gross square feet on a 0.11-acre parcel. Six (6) of the units feature an extra room which provides tenants with an option for a home office or dining area. The Property also features three tandem parking spaces, each supporting 3 vehicles for 9 total parking spaces on site. The Property has enjoyed strong historical occupancy and has undergone a total renovation, every system and building element is has been replaced over the last few years. Seven of the eight units feature condo quality finishes including new kitchens and bathrooms with modern amenities. Every unit has new forced hot air heating and central air conditioning systems, upgraded electrical service and hardwood flooring throughout. Building amenities include dishwashers in all units, rear decks, basement storage and a rooftop terrace, which creates incredible outdoor space for tenants in an urban-infill location. The Cameron is situated in an exceptional urban location in Brookline, one block from Boylston Street (MA Route 9), one of the main streets in the neighborhood, a short walk from MBTA Bus routes, and 0.3-miles from the Brookline Hills T Station. The area offers countless amenities, with endless dining, retail, nightlife and beach/park options nearby. The Cameron is just over 1 mile from the Longwood Medical Area (LMA), a world-class medical and academic center located between Brookline and Mission Hill. The LMA features a mix of dense state-of-the-art hospital buildings, attractive college facilities, and apartment housing. LMA institutions generate jobs, care for the sick, educate tomorrow’s workforce and are a cultural resource to the community. Over 112,000 people are in the LMA every day. The location also offers convenient access to Northeastern University, Boston University, Boston College, and some of Boston’s best areas including Kenmore Square and the Back Bay.
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.