186 Broadway LLC Acquires Mixed-Use Property In Chelsea, MA For $3.97M
SOLD
$3,971,000
+ 1
Massachusetts
See Similar DealsMixed-use13,851 SF
Sold 11/30/2021
SOLD
186 Broadway LLC Acquires Mixed-Use Property In Chelsea, MA For $3.97M
186-190 Broadway, Chelsea, Massachusetts, USA
See Similar DealsMixed-use13,851 SF
Sold 11/30/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$286
Total Square Footage:13,851 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$211,786.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,108.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,824.57
Annual Debt Service$225,894.79
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