268 Washington Avenue Update 04/18/23

Chelsea Multifamily Trades for $4M

Broadway Capital has acquired the multifamily property located at 268 Washington Ave. in Chelsea for $4,001,000. The 4-story multifamily building features 16 units total. The transaction also includes land at 278-280 Washington Ave, a roughly 3,000-square-foot parcel, currently used as a parking lot. The properties last traded in December 20126 for $2,900,000.

Mikael Vienneau of Broadway Capital tells BLDUP, "With the acquisition of 268 Washington - 16 unit residential building and vacant adjacent parking lot, Broadway Capital continues to expand its residential portfolio on the North Shore. Our plan is to develop the vacant lot into high-end condo units in the next 3-5 years."

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