facebook
Traded Co logo
Submit
Daily limit: 0/10

Multifamily Property In Chelsea, MA Sold For $1.22M With Buyer's Rep Jose Clavel & Seller's Rep Justin W. Brown

Property Image
SOLD
$1,220,000

Massachusetts

See Similar Deals
MultiFamily3,816 SF
Sold 10/06/2023
the dealplayerscompscontact
Property Image
SOLD

Multifamily Property In Chelsea, MA Sold For $1.22M With Buyer's Rep Jose Clavel & Seller's Rep Justin W. Brown

118 Bellingham Street

See Similar Deals
MultiFamily3,816 SF
Sold 10/06/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:3,816 SF
Transaction Type:Sale

A multifamily property located at 118 Bellingham Street in Chelsea, MA, was sold for $1,220,000. The property spans 3,816 square feet, resulting in a price per square foot of $320.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,220,000
  • SF: 3,816
  • PPSF: $320
  • Address: 118 Bellingham Street, Chelsea, MA

The buyer's representative in this transaction was Jose Clavel from Pena Realty Corporation. On the other hand, the seller was represented by Justin W. Brown from Three Hills Real Estate Services LLC.

Please note that the above information provides a concise overview of the property sale without delving into broader significance or introducing extraneous details.

Players

Justin W Brown
1 deal$1.2M volume
BROKER

Jose Clavel
Pena Realty Corporation
3 deals$3.3M volume(857) 294-1841
BROKER

Details

SOLD
IMAGE: Jose Clavel & Justin W Brown DATE: 10/06/2023 ADDRESS: 118 Bellingham Street MARKET: Chelsea, MA ASSET TYPE: Multifamily BUYER'S REP: Jose Clavel - Pena Realty Corporation (@PenaRealtyCorp) SELLER'S REP: Justin W Brown - Three Hills Real Estate Services & Llc SALE PRICE: $1,220,000 SF: 3,816 ~ PPSF: $320 NOTE: A multifamily property located at 118 Bellingham Street in Chelsea, MA, was sold for $1,220,000. The transaction was brokered with buyer representation by Jose Clavel from Pena Realty Corporation and seller representation by Justin W. Brown from Three Hills Real Estate Services LLC.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$65,066.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,783.42
Annual Debt Service$69,401.07