Updated Dec 19, 2023
Mark R. Epker Acquires Multifamily Property On 121 Hawthorne St, Chelsea For $5.35M
121 Hawthorne St, Chelsea, Massachusetts, USA
$5,350,000
$245/SF
Building Size
21,772 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
The multifamily property located at 121 Hawthorne St in Chelsea, MA has been sold for $5,350,000. The property spans 21,772 square feet, resulting in a price per square foot of $246. It consists of 25 units, with a price per unit of $214,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Address: 121 Hawthorne St, Chelsea, MA
- Market: Chelsea, MA
- Seller: Jonathan Marcus
- Buyer: Mark R. Epker
- Square Footage: 21,772
- Price per Square Foot: $246
- Number of Units: 25
- Price per Unit: $214,000
Jonathan Marcus acted as the seller in the transaction, while Mark R. Epker took on the role of the buyer.
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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93