Updated Dec 18, 2023
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
About this deal
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