Robert Gillette of Denenberg Realty Advisors recently sold a 8,704 s/f free standing brick building located at 1676 Dorchester Ave. Julie and Dustin Thai purchased the property for $700,000. Jonathan Lam of Town Hall Realty represented the buyer.
Gillette said, "This building has great bones and is a perfect fit for the new owner. I recently joined Denenberg Realty Advisors and we are seeing the market pick up and I am eager to help my new clients find properties that fit their buying criteria."
In addition Neil Denenberg of Denenberg Realty recently sold a mixed-use retail and office building in Franklin, Mass. The property is located at 7-13 East Central St. Maribeth Perry purchased the 3,494 s/f property for $555,000. Faramarz Khedmaty of Metro Business Brokers represented the buyer.
Denenberg said, "Income properties are great to add to your real estate portfolio. They will increase in value while you are still receiving monthly income and reducing your mortgage balance. I have many buyers looking for mixed use properties and see the market opening up. This is a great time to buy or sell income properties with interest rates at a record low."