Updated Oct 28, 2024
Arch Diocese Of Boston Sells Development Site In Chelsea, MA For $2.3M
163 Chestnut St, Chelsea, Massachusetts, USA
$2,600,000
$100/SF
Building Size
26,000 SF
Asset Type
Development Site
Closing
Oct 1, 2021
About this deal
AI
The development site located at 163 Chestnut St in Chelsea, MA has been sold in a closed transaction. The property, listed by the Arch Diocese of Boston, was represented by broker Robert Saenz. The sale price for the development site was $2,300,000 with an asking price of $2,600,000. The property has a total buildable square footage of 26,000, resulting in a price per square foot of $88.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 163 Chestnut St, Chelsea, MA
- Market: Chelsea, MA
- Seller: Arch Diocese of Boston
- Broker: Robert Saenz
- Asking Price: $2,600,000
- Buildable Square Footage: 26,000
- Price per Square Foot: $88
The successful sale of the development site was facilitated by broker Robert Saenz. This transaction represents a notable deal in the market.
Players
Chelsea Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert Saenz to view all their deals.
Browse Massachusetts development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93