July 22, 2024 – Dennis Kelleher, John Pentore and Stephen Girolamo of Horvath & Tremblay have successfully completed the sale of a 14-unit multi-family property in Everett, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $4,550,000.
The property is located at 42 Norwood Street in Everett, Massachusetts. The Property consists of a four-story building containing fourteen (14) 2-Bedroom/1-Bathroom units with 13,443 square feet of living area in 18,602 square feet of total gross area on a large, 0.275-acre lot. The building has been well-maintained and features a coin-op laundry facility on the lower level. The Landlord is responsible for common electric and gas heat and hot water while the tenants are responsible for their own electricity. The property features a new gas fired boiler. The property is located along Norwood Street, less than 500 feet from Broadway (Route 99), and is 0.2-miles from Main Street. The Property also enjoys convenient access to Route 1, Route 16, Interstate-93, Assembly Row, Kendall Square and Downtown Boston. 42 Norwood Street is located 1.3 miles from Gateway Center, anchored by Costco, Home Depot & Target, and the Encore Boston Harbor Resort & Casino. Public transportation is readily available on Main Street and Broadway Street with MBTA buses providing regular service to Chelsea Station and the Sullivan Square, Malden Center and Wellington stations with service on the MBTA’s Orange Line.
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.