January 31, 2025 – Nick Bevilacqua, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 2 Powers Court, a 4-unit apartment building in Boston, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction. The desirable asset sold for $2,095,000.
Situated in an excellent, urban infill location in Boston’s North End neighborhood, 2 Powers Court is centrally located in the heart of the North End and 0.6 miles to Boston’s North Station in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a three-story, brick building with four (4) units comprised of two (2) 1-Bedroom/1-Bathroom units and two (2) 2+ Bedroom/1-Bathroom units with 2,655 square feet of living area in 3,540 square feet of total area on a 0.06-acre parcel. The Property is separately metered for electricity, gas fired heat, and gas fired hot water which the tenants pay directly. The opportunity exists to dramatically increase the income on the property by converting the 2+ bedroom units into 3-bedroom units, programmatic upgrades to the three (3) unrenovated units as well as bringing Unit 2 to market rent, which currently sits well below market. Unit 2 was recently completely renovated and features condo quality finishes throughout the unit. 2 Powers Court is situated in an exceptional urban location in the North End neighborhood of Boston. The Property is centrally located adjacent to the intersection of North Street and Commercial Street and the area offers countless amenities with endless dining, retail, and nightlife options. The North Station, Haymarket T-Station, State Street T-Station, and Aquarium T-Station are all less than 0.7-miles from the Property. The location offers convenient access to Boston’s Best Areas including the Seaport District, Downtown Boston, Back Bay, Fenway-Kenmore, and South 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.