Updated Dec 20, 2023
Lyv Realty Acquires Multifamily Property In Boston For $1.375M
1 Chelsea Terrace, East Boston, Massachusetts 02128, United States
$1,375,000
$513/SF
Building Size
2,680 SF
Asset Type
MultiFamily
Closing
Apr 10, 2022
About this deal
AI
Located at 1 Chelsea Ter in Boston, MA, this multifamily property was recently sold in a closed transaction. The property spans across 2,680 square feet and was sold for a total price of $1,375,000, resulting in a price per square foot of $513. Josephine Marino from Lyv Realty represented the buyer, while Jamie Cholette from Boston Harbor Real Estate represented the seller in this deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Square Footage: 2,680 sqft
- Price per Square Foot: $513
- Buyer's Representative: Josephine Marino - Lyv Realty
- Seller's Representative: Jamie Cholette - Boston Harbor Real Estate
Josephine Marino of Lyv Realty played a crucial role as the buyer's representative, ensuring the buyer's interests were well-represented throughout the transaction. On the other hand, Jamie Cholette, representing Boston Harbor Real Estate, provided valuable guidance and expertise as the seller's representative, facilitating a successful sale.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93