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Owners Developers & Managers
Posted: March 27, 2020
Girolamo of Horvath & Tremblay broker $2.56 million in two sales
Beverly, MA Stephen Girolamo of Horvath & Tremblay has completed the sales of two local apartment buildings, totaling 12 units. 43-45 Roundy St. closed for $1.435 million, as well as 32 Dane St., which sold for $1.125 million.
43-45 Roundy St., a stabilized, six-unit apartment building, is situated in an excellent commuter location, 0.5 miles to the Beverly Depot Commuter Rail Station. The subject property consists of six, two-bedroom units featuring stainless-steel appliances, separate utilities and an off-street parking space.
32 Dane St., a value-add property, consisted of six units with five one-bed units and one two-bed unit. The Dane St. asset, which included eight off-street parking spaces, closed at a 3.59% cap rate.
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