Updated Dec 21, 2023
Fan Wu Acquires Multifamily Property From Anthony Simboli In Chelsea MA For $1.05M
15 Marlborough St, Chelsea, MA, USA
$1,050,000
$222/SF
Building Size
4,713 SF
Asset Type
MultiFamily
Closing
Jun 29, 2021
About this deal
AI
The multifamily property located at 15 Marlborough St in Chelsea, MA was recently sold in a closed transaction on June 30, 2021. The property, spanning 4,713 square feet, was sold for a total price of $1,050,000, resulting in a price per square foot of $223. This transaction involved the sale of a three-unit property, with each unit being valued at $350,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 15 Marlborough St, Chelsea, MA
- Market: Chelsea, MA
- Square Footage: 4,713
- Price per Square Foot: $223
- Number of Units: 3
- Price per Unit: $350,000
The transaction involved Anthony Simboli as the seller and Fan Wu as the buyer. They were represented by their respective agents throughout the process.
On the Map
$1,050,000
$222/SF
MultiFamily
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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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93