Updated Sep 9, 2024
Horvath & Tremblay Brokers Sell Mixed-Use Property In Chelsea, MA For $6.6M
218-230 Broadway, Chelsea, Massachusetts 02150, United States
$6,625,000
Units
22
Asset Type
Mixed-use
Closing
Dec 6, 2022
About this deal
AI
218-230 Broadway, located in Chelsea, MA, was recently sold in a closed transaction. This mixed-use property offers a total of 22 units, with an average price per unit of $301,136. The sale price for the property was $6,625,000. The transaction took place on April 7, 2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,625,000
- Units: 22
- Average Price Per Unit: $301,136
Dennis Kelleher and John Pentore, brokers from Horvath & Tremblay, represented the parties involved in this transaction. They played a pivotal role in facilitating the successful sale of 218-230 Broadway.
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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93