Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,099,800
$412/SF
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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