facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

All

/

Sale

/

50 Cottage Street

EVO Real Estate Sells Multifamily Property In Chelsea, MA For $1.1M
SOLD

EVO Real Estate Sells Multifamily Property In Chelsea, MA For $1.1M

50 Cottage Street

$1,099,800

$412/SF

Building Size

2,664 SF

Asset Type

Closing

Jul 20, 2022

AI

The multifamily property located at 50 Cottage St in Chelsea, MA has been sold. The sale price for this transaction was $1,099,800. The property spans a total area of 2,664 square feet, resulting in a price per square foot of $413.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,099,800
  • Address: 50 Cottage St, Chelsea, MA
  • Market: Chelsea, MA

The sale was facilitated by Jonathan DaSilva from EVO Real Estate. He served as the broker for this transaction.

This property consists of two luxury residences. Unit 1 offers 3 bedrooms and 3 bathrooms within its 1,558 square feet of space. It achieved a record sale in the neighborhood, selling for $649,900. Unit 2, on the other hand, features 2 bedrooms and 2 bathrooms across its 1,106 square feet area and was sold at $449,900.

Players

Jonathan DaSilva

Evo Real Estate Group

Broker

$11.4M

vol

5 deals

Broker

Buffalo CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93