One Webster Update 08/23/19

Chelsea Multifamily Development Refinanced for $27.15 Million

One Webster in Chelsea has been refinanced via Berkadia for $27.15 million.

The property features a 117,516 square foot multifamily building offering studios, one, and two-bedroom apartment homes. Built in 2011, the 121-unit community is located between Route 1A and Route 1 North. The building is near the intersection of Eastern Avenue and Webster Avenue, running just off Broadway. 

JRK Property Holdings acquired the property for $22.35 million in June of 2014.

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