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Multi-Family

Willams Street Residences

150 Williams St, Chelsea, MA 02150

Listing Price: $1,900,000

Lot Size
0.35 acres
Price/Acre
$5,472,000
Land Type
Redevelopment
Buildable Square Feet
23,429

Investment Overview

Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Located in an OPPORTUNITY ZONE (ID25025160400) and a transit-oriented, amenity-rich neighborhood. Location provides convenient access to business, cultural, medical, and recreational opportunities. Easy access to public transportiantion routes and highways. Steps to buses and 1/2 mile to commuter rail to Boston and major metro Boston and regional highways. Can be developed as condominiums or apartments. Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Several variances received and recorded. Allows for 17 work-force housing units at 120% AMI and 3 affordable units at 80% AMI. Chelsea is the 26th most densely incorporated place in the United States. Entitled land with minimal site work required is exceedingly rare. Full set of schematics available. Schematics show 2 buildings separated by a shared outdoor terrace and a 20-car parking garage below one of the buildings. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of NOI from apartments

Investment Highlights

  • Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Can be built as condominiums or apartments. Located in an OPPORTUNITY ZONE.
  • Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Potential for other construction and rental subsidies, including Chelsea Affordable Trust and ARPA.
  • Efficient construction due to building design and limited site work. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of initial NOI from apartments

Exclusively Listed By

Financing By

Multi-Family

Willams Street Residences

Listing Price: $1,900,000

Lot Size
0.35 acres
Price/Acre
$5,472,000
Land Type
Redevelopment
Buildable Square Feet
23,429

Investment Highlights

  • Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Can be built as condominiums or apartments. Located in an OPPORTUNITY ZONE.
  • Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Potential for other construction and rental subsidies, including Chelsea Affordable Trust and ARPA.
  • Efficient construction due to building design and limited site work. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of initial NOI from apartments

Investment Overview

Very rare corner lot in Chelsea Massachusetts approved for 20 one-bedroom work-force and affordable residences. Located in an OPPORTUNITY ZONE (ID25025160400) and a transit-oriented, amenity-rich neighborhood. Location provides convenient access to business, cultural, medical, and recreational opportunities. Easy access to public transportiantion routes and highways. Steps to buses and 1/2 mile to commuter rail to Boston and major metro Boston and regional highways. Can be developed as condominiums or apartments. Qualiifes for MassHousing "Commonwealth Builder Grant" of up to $4,250,000. Several variances received and recorded. Allows for 17 work-force housing units at 120% AMI and 3 affordable units at 80% AMI. Chelsea is the 26th most densely incorporated place in the United States. Entitled land with minimal site work required is exceedingly rare. Full set of schematics available. Schematics show 2 buildings separated by a shared outdoor terrace and a 20-car parking garage below one of the buildings. Projected proift of $1,300,000 from sell out of condominimus or $390,000 of NOI from apartments

Exclusively Listed By

Financing By

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