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118 Bellingham Street

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

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

118 Bellingham Street

$1,220,000

$319/SF

Building Size

3,816 SF

Asset Type

MultiFamily

Closing

Oct 6, 2023

AI

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

Three Hills Real Estate Services

Broker

$1.2M

vol

1 deal

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

13.00%

Cash-on-Cash

-3.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93