facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

158 Park St, Chelsea, Massa...

Marcus & Millichap Boston Sells Multifamily Property In Chelsea, MA For $3.8M
SOLDMultiFamily

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

John Craig

Marcus & Millichap

Broker

$24.8M

vol

8 deals

Broker

Chelsea MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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