News: Front Section
Posted: June 10, 2016
Tito and Barroso of NAI Hunneman broker $3.26 million multifamily sale
Robert Tito, NAI Hunneman
Gina Barroso, NAI Hunneman
Chelsea, MA NAI Hunneman brokered the $3.26 million sale of a 17-unit multifamily property located at 466-472 Broadway. In addition to the multifamily component, the property has three, street-level commercial spaces totaling 24,000 s/f. Executive vice president Robert Tito, assisted by assistant vice president Gina Barroso represented the seller 466-474 Broadway LLC and procured the buyer FC3 466 Broadway LLC.
“466 Broadway is prime urban, mixed-used building located in heart of Bellingham Square in Chelsea. The city has seen incredible growth, and has become a desirable rental destination,” said Barroso. “The property was a perfect fit for 466-474 Broadway LLC who already has a strong presence in Chelsea,” said Tito.
466-472 Broadway - Chelsea, MA466-472 Broadway is in a transit-oriented location, steps away from the MBTA Bellingham Sq./Maverick Station bus stop and has direct the access to the MBTA Commuter Rail located at the corner of Arlington and Sixth St. The property is accessible via major highways and thoroughfare including I-93, Rte. 1 & 16.
466-472 Broadway consists of 17 residential units and 3 commercial spaces. There is also a roof top antenna generating additional income for the property.
About NAI Hunneman:
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
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