Updated Dec 21, 2023
StartPoint Alvarado Group Acquires Multifamily Property In Chelsea, MA For $1M
109 Sagamore Avenue, Chelsea, MA 02150
$1,000,000
$256/SF
Building Size
3,906 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
About this deal
AI
A multifamily property located at 109 Sagamore Ave in Chelsea, MA, was recently sold for a total price of $1,000,000. This property consists of 3 units, resulting in a price per unit (PPU) of $333,333. The total square footage of the property is 3,906, with a price per square foot (PPSF) of $256. The transaction took place on 12/07/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- PPU: $333,333
- Square Footage: 3,906
- PPSF: $256
The buyer's representative in this transaction was Yessenia Alvarado from StartPoint Alvarado Group. On the other hand, the seller's representative was Team Jill & Di from Lamacchia Realty, Inc.
Players
Chelsea 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93