Marcus & Millichap Boston Sells Multifamily Property In Chelsea, MA For $3.8M
SOLD
$3,800,000
Massachusetts
See Similar DealsMultiFamily18,000 SF
Sold 07/01/2020
SOLD
Marcus & Millichap Boston Sells Multifamily Property In Chelsea, MA For $3.8M
158 Park St, Chelsea, Massachusetts, USA
See Similar DealsMultiFamily18,000 SF
Sold 07/01/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:18,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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