Cambridge, MA Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 62 Spring St. The property sold at a price of $2.05 million and a record setting price of $553 per s/f.
Located steps from Kendall Sq., 62 Spring S. is also within a five minute walk to Lechmere T Station. Kendall Sq. is one of Greater Boston’s best places to live, work and play. It is home to some of the world’s greatest research institutions, the Massachusetts Institute of Technology. Adding appeal to this location is the properties close proximity to the Cambridge Side Galleria, giving any prospective tenant multiple options to shop and dine.
62 Spring Street - Cambridge, MAThe three-storied brick building was built in 1955 and consists of 3,705 s/f of living area and 4,940 s/f of total gross area on a .144 acre lot. The property is comprised of 6 one bedroom/one bathroom units with the landlord responsible for central gas heat and hot water, while tenants pay for their own separate electric. In addition, the property provides 10 off street parking spaces, two of which are designated for Zipcar.
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 and mixed-use properties. 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.
