Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million

Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million.  827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood. The location is close to Rte. 1, providing access to the Tobin Bridge and Downtown Boston. 827-835 Broadway consists of 15 units situated on three contiguous tax parcels comprised of five three-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, five one-bedroom/one-bathroom units and one studio unit with 10,824 s/f of living area in 18,082 total s/f on a 0.28-acre parcel. 

The property is  well positioned along Broadway, one of the area’s primary commercial corridors. The property offers convenient access to US Rte. 1 (Northeast Expressway) and MA Rte. 1A as well as I-90 and 93. Public transportation is readily available along Broadway with MBTA buses providing regular service, and Train Service from the Chelsea Station on the MBTA Commuter Rail (Newburyport/Rockport Line), and service along the MBTA’s silver line (1 mile). 827-835 Broadway is close to the shopping area and offers numerous dining options and entertainment venues. 

Kelleher and Pentore represented the seller in the transaction with Chi Rong of Hooli Homes Boston Inc. representing the buyer.