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11 John Street

Madelyn Garcia Real Estate Acquires Chelsea Multifamily For $1.11M
SOLDMultiFamily

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

Madelyn Garcia

Madelyn Garcia Real Estate

Broker

$3.4M

vol

3 deals

Broker

Chelsea MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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