December 19, 2016 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 23 Palermo Street in Cambridge, Massachusetts. The property sold at a price of $1,510,000.
23 Palermo Street is located steps from booming Kendall Square, one of Greater Boston’s best places to live, work and play. It is home to the world’s greatest research institution, the Massachusetts Institute of Technology. Adding appeal to this location is the property’s close proximity to the Cambridge Side Galleria, giving any prospective tenant multiple options to shop and dine. Palermo Street is also located less than one mile from the Lechmere T-Station. The three-storied building was constructed in 1909 and consists of 4,129-square feet of living area located on a 0.09 acre lot. The property is comprised of one and two bedroom units and provides tenants with off street parking.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Our advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. We have experience successfully structuring portfolio sales and 1031 exchanges. We 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.