December 10, 2024 – Stephen Girolamo of Horvath & Tremblay has successfully completed the sale of a 16-unit multi-family property in Lynn, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,900,000.
526 Western Avenue is a multi-family building in Lynn, Massachusetts. The four-story building contains sixteen (16) total units, comprised of eleven (11), 3-Bedroom/1-Bathroom units and five (5), 2-Bedroom/1-Bathroom units with 17,688 square feet of living area on a 0.13-acre corner parcel of land. 526 Western Avenue is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square. The Property is well-located at the intersection of Western Avenue and Franklin Street, is 0.1-miles from Stop & Shop and is walkable to Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment, and public transportation. Additionally, The Property is just minutes from Routes 1A, 129 and 129A , close to several MBTA bus stops, 0.8 miles from the Central Square commuter rail station with services to Boston’s North Station, and 11 miles from Downtown Boston.
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.