Kelleher and Pentore of Horvath & Tremblay sell five-unit multifamily property for $3.5m

Boston, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of 408-410 Hanover St., a five-unit multifamily building. The brick asset sold for $3.5 million and $700,000 per unit.

Centrally located in the North End and 0.5-miles to Boston’s North Station, 408-410 Hanover St. is a core asset in one of the strongest real estate markets in the country. The property, which has been meticulously maintained and owned by one family for generations, consists of a five-story brick building with five residential units and is comprised of three three-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, with living room and dining room, and one oversized one-bedroom/1.5-bathroom unit with 5,735 s/f of living area in 6,882 s/f of total area. All of the unit interiors have been updated and feature hardwood floors, upgraded kitchens with stainless steel appliances and granite countertops.

408-410 Hanover Street is situated in an exceptional urban location in the North End neighborhood of Boston. The Property is positioned at the intersection of Hanover Street and Battery Street and is 500 feet from the signalized intersection of Hanover Street and Commercial Street, two of the north end’s primary thoroughfares. The area offers countless amenities, with endless dining, retail, and nightlife options. The North Station, Haymarket T-Station, State Street T-Station, and Aquarium T-Station are all less than 0.6-miles from the Property. The location offers convenient access to Boston’s Best Areas, including the Seaport District, Downtown Boston, Back Bay, Fenway-Kenmore, and South Boston.