Horvath & Tremblay Completes $3.55 Million Sale Of 15-Unit Multifamily Property In Chelsea

The property involved in this transaction is a multifamily asset located at 827-835 Broadway in Chelsea, MA. This value-add property consists of 15 units and spans 10,824 square feet, and it was sold for $3,550,000, amounting to a price per square foot of $328. The property is situated across three contiguous parcels in a densely populated corridor near major Boston highways.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,550,000
• Square Footage: 10,824
• Price per Square Foot: $328
• Units: 15
• Price per Unit: $236,667

In this transaction, the brokers representing the deal are Dennis Kelleher and John Pentore from Horvath & Tremblay, who facilitated the sale of the property.