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1 Chelsea Terrace, East Bos...

Updated Dec 20, 2023

Lyv Realty Acquires Multifamily Property In Boston For $1.375M
SOLDMultiFamily

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

Josephine Marino

Broker

$1.4M

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $513 per square foot on a published $1.4M for 2,680 square feet (2022).

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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

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