Julius Sokol Acquires Multifamily Property In East Boston For $1.65M
SOLD
$1,650,000
Massachusetts
See Similar DealsMultiFamily6,097 SF
Sold 09/01/2021
SOLD
Julius Sokol Acquires Multifamily Property In East Boston For $1.65M
152 Chelsea St, East Boston, Boston, MA, USA
See Similar DealsMultiFamily6,097 SF
Sold 09/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$270
Total Square Footage:6,097 SF
Transaction Type:Sale
The multifamily property located at 154 Chelsea St & 152 Chelsea St in East Boston, MA was sold on September 1, 2021. The property spans a total of 6,097 square feet, with a sale price of $1,650,000. This translates to a price per square foot of $270.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 154 Chelsea St & 152 Chelsea St, East Boston, MA
- Market: East Boston, MA
- Square Footage: 6,097
The buyer of the property was Julius Sokol, while the seller was Anthony Capone.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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