January 31, 2025 – Nick Bevilacqua, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 94 Bragdon Street, a 3-unit apartment building in Boston, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction. The desirable asset sold for $1,150,000.
Situated in an excellent, urban infill location in Boston’s Egleston Square neighborhood, 94 Bragdon Street is a three-story building with three (3), 3-Bedroom/1-Bathroom residential units with 3,180 square feet of living area in 4,534 gross square feet on a 0.04-acre parcel. The building has been well maintained and each unit has been recently renovated and features condo quality finishes throughout. The units feature newer kitchens with white cabinets and granite countertops, dishwashers, upgraded bathrooms with high end finishes and central air-conditioning. Each of the units is separately metered for electricity, gas-fired heat and hot water which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. The Property also features an on-site laundry facility in the basement. In-place rents are well below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades to the unrenovated units. 94 Bragdon Street is 1 block from Columbus Avenue, one of the area’s main commuter and commercial corridors. The central location offers proximity to area shopping and restaurants, and convenient access to the major employment centers in Boston, Cambridge, and Waltham. The Property offers convenient access to MA Route 9, US Route 20, Interstates 90 & 93, and Downtown Boston, just 3.5 miles to the east. The location also benefits from its proximity to the several universities including Northeastern University (1.5-miles), Simmons University and Emmanuel College (both 1.9-miles), Boston University (2.6-miles), MIT (3.6-miles), and Boston College (4.2-miles). 94 Bragdon Street also offers convenient access to several T Stations (Orange Line – Stony Brook Station 0.3-miles and Jackson Square Station 0.4 Miles) and the Four Corners/Geneva MBTA Station (Fairmont, Franklin/Foxboro & Providence Stoughton Lines) as well as Brookline, Back Bay, South Boston and 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.