Marcus & Millichap Boston Sells Multifamily Property In Chelsea, MA For $3.8M
158 Park St, Chelsea, Massachusetts, USA
$3,800,000
$211/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
AI
Located at 158 Park St in Chelsea, MA, this multifamily property was recently sold on 07/01/2021. The sale was facilitated by broker John Craig from Marcus & Millichap Boston. The property spans across 18,000 square feet and consists of 18 units.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,800,000
- Price per Square Foot: $211
- Number of Units: 18
John Craig of Marcus & Millichap Boston played a crucial role as the broker in this transaction, representing the parties involved in the deal. With an impressive sale price of $3,800,000, it reflects a price per unit of $211,111. The property's attractive features and location in the Chelsea market made it a desirable investment opportunity.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93