Broadway Capital Acquires Multifamily Property In Chelsea, MA For $4M

The multifamily property located at 268 Washington Avenue in Chelsea, MA has been sold in a recent transaction. The property consists of 16 units with a total square footage of 17,323. The sale price for this transaction was $4,000,001, resulting in a per unit price of $250,000 and a price per square foot of $231.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,001
• Units: 16
• Total Square Footage: 17,323
• Per Unit Price: $250,000
• Price Per Square Foot: $231

The buyer in this transaction was Broadway Capital, represented by Mikael R. Vienneau. Milan Patel acted as the seller. The brokers involved in this deal were John Pentore and Dennis Kelleher from Horvath & Tremblay, along with Doug Landry from Finance Boston.