September 7, 2022 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 27 N Margin Street, a 4-unit apartment building in Boston, Massachusetts. The desirable asset sold for $2,000,000 and $500,000 per unit.
Centrally located in the heart of North End and 0.4 miles to Boston’s North Station, the Property consists of a gut renovated, three-story, brick building containing four (4), 1-Bedroom/1-Bathroom units with 2,352 square feet of living area in 2,480 gross square feet on a 0.01-acre parcel. The Property is fully leased (with all leases in place for the 2022-2023 rental cycle) and features condo quality finishes including new kitchens with modern amenities (stainless steel appliances, dishwashers, granite countertops, disposals), new floors, new bathrooms with new tiling and fixtures, in-unit laundry, new heat and central air conditioning systems, new roof, windows and plumbing stacks. Each unit is separately metered for utilities which the tenants all pay directly. 27 North Margin Street is situated in an exceptional urban location in the North End neighborhood of Boston. The Property is centrally 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. The Property is just 300 feet from Salem Street in the heart of the North End. This unparalleled location offers convenient access to four (4) T-Stops (Green D & E-Lines, Blue Line and Orange Line) and is a short walk from the TD Garden (home to the famed Boston Celtics and Boston Bruins and countless live concerts and shows), Quincy Market, Christopher Columbus Waterfront Park, and Boston Harbor as well as steps from the historic Old North Church, the launch point for Paul Revere’s ride.
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.