Medford, MA Dennis Kelleher and John Pentore of Horvath & Tremblay, have arranged the sale of 161 Salem St. The 24-unit apartment building sold at a price of $5 million.
161 Salem St. is a brick apartment building consisting of 15 two-bed, one-bath units and 9 one-bed, one-bath units. The property is in an urban location, outside Medford Sq. and off of I-93. The asset was 100% occupied to subsidized housing. Medford Sq. is a district that mixes restaurants, shops, businesses, and services, while also being a great place to live.
Horvath & 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 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.