161-Unit Boston-Area Community Sold

Jefferson at Admiral’s Hill, a 161-unit Chelsea, Mass., apartment community, has been sold by CBRE/New England’s Capital Markets team.

Boston—Jefferson at Admiral’s Hill, a 161-unit Chelsea, Mass., apartment community, has been sold by CBRE/New England’s Capital Markets team. The seller, Jefferson at Admiral’s Hill LP, was represented by the CBRE/NE team, which also procured an affiliate of Greystar as the buyer of the property.

A 100 percent market-rate community, six-year-old Jefferson at Admiral’s Hill consists of a single, four-story elevator building above a parking garage.

The community is comprised of a mix of one- to three-bedroom apartment homes with an average size of 943 square feet. Their features include granite countertops, stainless steel appliances, ceramic tile in the entryways, kitchens and bathrooms and oversized kitchen cabinets.

Common-area amenities include a state-of-the-art fitness center, business center, clubroom, and separate multimedia room. The interior courtyard that overlooks the nearby marina features handsome landscaping, gas barbecues, seating areas and a reflecting waterfall.

Situated within the upscale Admiral’s Hill neighborhood, Jefferson at Admiral’s Hill offers spectacular views of the Boston skyline, and easy access to downtown Boston and Cambridge, as well as to Logan International Airport.

“We are pleased to have facilitated this transaction on behalf of our client,” CBRE/NE vice chairman/partner and multifamily expert Simon Butler said. He and Biria St. John, vice chairman/partner and multifamily expert, served as exclusive representatives of the seller.