News: Brokerage

Girolamo of Horvath & Tremblay facilitates $17.96 million sale of four multifamily props.

Lynn, MA Stephen Girolamo of Horvath & Tremblay has facilitated the sale of four multifamily transactions totaling 77 units for a total of $17.96 million. Horvath & Tremblay represented the seller on three of the transactions and successfully completed a 1031 exchange for the client who was the buyer on the fourth transaction. 

The multifamily investment properties are located at 9 Needhams Landing Rd. (42 units), 135-139 Lawton Ave. (17 units), 413 Boston St. & 8 Carnes St. (12 units), and 59 Elm St. (6 units). 

Girolamo represented the seller exclusively in the sale of Lawton, Boston, Carnes and Elm properties and represented him in the purchase of Needhams Landing for $9.9 million. 

The properties are well positioned in the city, situated around Western Ave. (Rte. 107), one of the city’s primary commercial and commuter corridors. The properties offer direct connections to downtown, the Lynnway, and Rte. 1A, as well as convenient regional access to Boston and surrounding North Shore communities. 

The locations are highly walkable, with numerous retail, dining, and neighborhood amenities nearby, and are well-served by public transportation, including MBTA bus routes and the Lynn commuter rail station.

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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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