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
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93