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
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