Waltham, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of 154-156 Brown St. for $1,618,300 at $404,575 per unit as well as 13-15 Emerson St. in Newton for $1.38 million, selling at a 5.03 cap.
154-156 Brown St., situated on a residential street one block from Moody St., contains four apartments in 6,873 s/f of living area on a .2-acre lot with eight off street parking spaces.
13-15 Emerson St., near Newton Corner, contains four residential units in 4,095 s/f of living area on a .2-acre lot with off-street parking for six vehicles.
Both assets are located in commuter locations, providing access to downtown Boston, Logan International Airport and Rte. 128.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and