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15 Marlborough St, Chelsea,...

Fan Wu Acquires Multifamily Property From Anthony Simboli In Chelsea MA For $1.05M
SOLDMultiFamily

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

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.

Players

Fan Wu

Buyer

$6.6M

vol

3 deals

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93