August 5, 2024 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of four (4) multi-family units in Allston, Massachusetts. Horvath & Tremblay exclusively represented the seller in the transaction. The desirable asset sold for $3,130,000 and $782,500 per unit.
The multi-family property is located at 13 Greylock Road in the heart of Allston, Massachusetts (the “Property”). 13 Greylock Road consists of a new construction three-story building with four (4) residential units comprised of one (1) 4-Bedroom/2-Bathroom unit, one (1) 3-Bedroom/2-Bathroom unit, one (1) 2-Bedroom/2-Bathroom unit, and one (1) 2-Bedroom/1-Bathroom unit with 4,870 square feet of living area in 4,870 square feet of gross area, on a 0.13-acre parcel. The building was constructed in 2022 and each of the units features an open layout with new kitchens featuring white custom cabinets, quartz countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, and new individual HVAC heating systems with central air. Additionally, there are three (3) on-site parking spaces, and a shared porch. 13 Greylock Road is centrally located on an attractive residential side street, between Commonwealth Avenue and Brighton Avenue, two of the area’s main commuter and commercial corridors. The Property’s central location offers convenient highway access to the major employment centers in Boston, Cambridge, and Waltham. The Property offers convenient access to Interstate-90 (the “Mass Pike”), US Routes 20 and 3, and Downtown Boston, just 4 miles to the east. The location also benefits from its proximity to the several universities including Northeastern University, Boston University, Boston College, Harvard University, and MIT, all of which are both located within 3 miles of the Property. 13 Greylock Road offers convenient access to Cambridge, Downtown Boston, and several T Stations (Green Line – Harvard Avenue Station & Griggs Street Station 0.2 Miles) and the Boston Landing MBTA Station (Framingham/Worcester Line). Adding to the area’s appeal is the proximity to area schools, highways, entertainment venues, retailers, and restaurants.
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.