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Revere Apartment Building Sold For $2.2M

Jun 15, 2015 | Reprints | Unlock Link | Print

AU Washington LLC has acquired 268-280 Washington St., a 16-unit apartment building in Chelsea, for $2.2 million from CIB Properties LLC.

NAI Hunneman’s Carl Christie, Dan McGee and Henry Lieber represented the seller and procured the buyer, an affiliate of Newton-based ARX Urban Capital.

“The full occupancy level of the building along with a valuable off-street parking lot developed by the seller made this a very appealing asset to AU Washington which was looking to expand its holdings in Chelsea,” Christie said in a statement.

Located just off of Route 1 and Revere Beach Parkway, the four-story complex contains five one-bedroom and 11 two-bedroom units and was fully occupied at the time of the sale.

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