Updated Oct 28, 2024
Neighborhood Dev Inc Acquires Apartment Building In Chelsea, MA For $13.2M
110 Chestnut Street, Chelsea, Massachusetts 02150, United States
$1,324,741
$333/SF
Building Size
3,972 SF
Asset Type
MultiFamily
Closing
Dec 12, 2021
About this deal
AI
The apartment located at 110 Chestnut St in Chelsea, MA was recently sold in a closed transaction. The property spans a total of 3,972 square feet, with a price per square foot of $3,335. The sale took place on December 13, 2021, and the total transaction amount was $13,247,412. The property is owned by Chelsea Homes I Lp and was purchased by Neighborhood Dev Inc.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $13,247,412
- Address: 110 Chestnut St, Chelsea, MA
- Market: Chelsea, MA
- Square Footage: 3,972
- Price Per Square Foot: $3,335
Neighborhood Dev Inc, represented by their broker, was the buyer in this transaction. Chelsea Homes I Lp, the current owner of the property, acted as the seller. The deal involved a straightforward sale without any additional details provided.
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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93