July 8, 2025 –Dennis Kelleher, John Pentore and Nick Bevilacqua of Horvath & Tremblay have successfully completed the sale of a 529 Beacon Street, a 23-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 $9,850,000 and $428,261 per unit.
Situated in an excellent, urban infill location in Boston’s Back Bay neighborhood, 529 Beacon Street is a four-story brick building with twenty-three (23) residential units comprised of nine (9) Studio units and fourteen (14), 1-Bedroom/1-Bathroom units with 13,246 square feet of living area in 13,246 gross square feet on a 0.09-acre parcel. Tenants of the property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property also offers two (2) Tandem parking spaces and an on-site laundry facility. 529 Beacon, which is fully sprinklered, features recent capital improvements including a new roof (2024), renovated common areas and various cosmetic improvements to the units’ interiors. In-place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades. 529 Beacon offers convenient access to Back Bay, Downtown Boston, South Boston, Fenway Park, the Longwood Medical Area, Boston University, Northeastern University, several T Stations (Green Line – Kenmore Station & Hynes Convention Center Station both 0.3-miles miles away) and the Lansdowne MBTA Station (Framingham/Worcester Line). 529 Beacon is within a few blocks of Commonwealth Avenue and Massachusetts Avenue, two of the area’s main commuter and commercial corridors. The Property offers convenient access to Storrow Drive, US Route 20, Interstate 90, and Downtown Boston, just 1.8 miles to the east. Adding to the area’s appeal is the proximity to 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.