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Kathy Mcgilvray Of The Neighborhood Developers Acquires Multifamily Property In Chelsea For $7.8M

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SOLD
$7,800,000

Massachusetts

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MultiFamily72,657 SF
Sold 02/20/2025
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Property Image
SOLD

Kathy Mcgilvray Of The Neighborhood Developers Acquires Multifamily Property In Chelsea For $7.8M

148 Park Street, 156 160 Park Street & 161 Pearl Street

See Similar Deals
MultiFamily72,657 SF
Sold 02/20/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$107
Total Square Footage:72,657 SF
Transaction Type:Sale

The transaction involves a multifamily asset located at 148 Park Street, 156-160 Park Street, and 161 Pearl Street in Chelsea, MA. The sale was finalized at a price of $7,800,000, encompassing 30 units with a price per unit of $260,000. The total square footage of the property is 24,219, resulting in a price per square foot of $322.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,800,000
  • Buyer: Kathy Mcgilvray - The Neighborhood Developers
  • Seller: Mikael Vienneau
  • Brokers: John Pentore & Dennis Kelleher - Horvath & Tremblay
  • Units: 30
  • Square Footage: 24,219
  • Price Per Unit: $260,000
  • Price Per Square Foot: $322

Key individuals involved in the transaction include Kathy Mcgilvray representing The Neighborhood Developers as the buyer and Mikael Vienneau as the seller. The brokerage firm Horvath & Tremblay facilitated the deal with John Pentore and Dennis Kelleher serving as the brokers on this transaction.

Players

Dennis Kelleher
95 deals$558.5M volume
BROKER

John Pentore
Horvath & Tremblay
99 deals$577.6M volume
BROKER

Horvath & Tremblay
BROKERAGE



Mike Vienneau
11 deals$45.5M volume
SELLER

Details

SOLD
IMAGE: John Pentore & Dennis Kelleher DATE: 02/20/2025 ADDRESS: 148 Park Street, 156-160 Park Street & 161 Pearl Street MARKET: Chelsea, MA ASSET TYPE: Multifamily BUYER: Kathy Mcgilvray - The Neighborhood Developers (@_TND_Inc) SELLER: Mikael Vienneau BROKERS: John Pentore (@Juconn) & Dennis Kelleher - Horvath & Tremblay SALE PRICE: $7,800,000 UNITS: 30 ~ PPU: $260,000 SF: 24,219 ~ PPSF: $322

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Debt Service Coverage Ratio (DSCR)

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