May 2, 2022 – Dennis Kelleher, John Pentore and Brian Ahrens of Horvath & Tremblay have successfully completed the sale of a 408-410 Hanover Street, a 5-unit multi-family building in Boston, Massachusetts. The desirable brick asset sold for $3,500,000 and $700,000 per unit.
Centrally located in the heart of the North End and 0.5-miles to Boston’s North Station, 408-410 Hanover Street is an outstanding core asset in one of the strongest real estate markets in the Country. The Property, which has been meticulously maintained, consists of a five-story brick building with five (5) residential units and is comprised of three (3), 3-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom unit, with living room and dining room, and one (1), oversized 1-Bedroom/1.5-Bathroom unit with 5,735 square feet of living area in 6,882 square feet of total area. All of the unit interiors have been updated and feature hardwood floors, upgraded kitchens with stainless steel appliances (including dishwashers) and granite countertops. 408-410 Hanover Street is situated in an exceptional urban location in the North End neighborhood of Boston. The Property is positioned at the intersection of Hanover Street and Battery Street and is 500 feet from the signalized intersection of Hanover Street and Commercial Street, two of the North End’s primary thoroughfares. The area offers countless amenities, with endless dining, retail, and nightlife options. The North Station, Haymarket, State Street, and Aquarium T-Stations are all less than 0.6-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.