186 Broadway LLC Acquires Mixed-Use Property In Chelsea, MA For $3.97M
186-190 Broadway, Chelsea, Massachusetts, USA
$3,971,000
$286/SF
Building Size
13,851 SF
Asset Type
Mixed-use
Closing
Nov 30, 2021
AI
A mixed-use property located at 186-190 Broadway in Chelsea, MA, has been sold in a recent transaction. The property, totaling 13,851 square feet, was sold for a price of $3,971,000, resulting in a price per square foot of $287. The sale took place on November 30, 2021.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $3,971,000
- Address: 186-190 Broadway, Chelsea, MA
- Market: Chelsea, MA
The buyer of the property is 186 Broadway LLC, represented by Mike Vienneau. The seller is Wheeler Associate Development Group LLC. The transaction was facilitated by brokers Ryan Foley and Ryan Quinn from GMRE, as well as Alyse McNelley from William Raveis.
Note: No additional information is available regarding financing or other parties involved in the transaction.
Players
Chelsea Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.99%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93