Updated Oct 28, 2024
Neighborhood Dev Inc Acquires Apartment In Chelsea, MA For $13.2M
12 Sixth Street, Chelsea, Massachusetts 02150, United States
$13,247,412
$3,409/SF
Building Size
3,886 SF
Asset Type
MultiFamily
Closing
Dec 12, 2021
About this deal
AI
An apartment located at 12 6th St in Chelsea, MA was recently sold in a closed transaction. The property spans 3,886 square feet and has a price per square foot of $3,409. The sale took place on December 13, 2021, with a total sale price of $13,247,412.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $13,247,412
- Address: 12 6th St, Chelsea, MA
- Market: Chelsea, MA
- Square Footage: 3,886
- Price per Square Foot: $3,409
The buyer of the apartment was Neighborhood Dev Inc, while the seller was Chelsea Homes I Lp.
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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93