May 6, 2025 –Dennis Kelleher, John Pentore and Nick Bevilacqua of Horvath & Tremblay have successfully completed the sale of 5-7 N Margin Street, an 11-unit multi-family building in Boston, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction. The desirable asset sold for $5,525,000 and $502,273 per unit.
5-7 North Margin Street is situated in an exceptional urban location in the North End neighborhood of Boston. The Property consists of a well-maintained, five-story, brick building containing eleven (11) units comprised of two (2), 3-Bedroom/1-Bathroom units, six (6), 2-Bedroom/1-Bathroom units, one (1), 1-Bedroom/1-Bathroom unit, and two (2), Studio units with 7,590 square feet of living area in 8,956 gross square feet on a 0.04-acre parcel. 5-7 N Margin Street has a brand-new roof, a newer Weil McLain Boiler (2021), and an on-site coin-operated laundry facility. Several of the units have been renovated and feature hardwood floors, quartz countertops, and modern white cabinets. The Property is separately metered for electricity, which the tenants pay directly, and the Landlord is responsible for common area electric, central heat and hot water, and domestic water and sewer. The Property is centrally located one block from Salem 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 0.5-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 the United States. 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.