Madelyn Garcia Real Estate Acquires Chelsea Multifamily For $1.11M
11 John Street
$1,110,000
$250/SF
Building Size
4,440 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
AI
In Chelsea, MA, the multifamily property located at 11 John Street was transacted with Madelyn Garcia of Madelyn Garcia Real Estate representing the buyer and Rogelio Zuniga of United Brokers representing the seller. The sale concluded at a price of $1,110,000. The property is a multifamily asset with a total area of 4,440 square feet, resulting in a price per square foot of $250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 11 John Street
- Market: Chelsea, MA
The buyer's representative in this transaction is Madelyn Garcia from Madelyn Garcia Real Estate, while the seller was represented by Rogelio Zuniga from United Brokers.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93