Updated Dec 21, 2023
Christopher L. Weeks Purchases Multifamily Property On Chelsea St, East Boston For $1.4M
170 Chelsea St, East Boston, Boston, MA, USA
$1,405,000
$391/SF
Building Size
3,588 SF
Asset Type
MultiFamily
Closing
Jan 12, 2021
About this deal
AI
Located in the market of East Boston, the multifamily property at 170 Chelsea St was sold in a closed transaction on January 13, 2021. The property, measuring 3,588 square feet, boasts a total of three units. The sale price for this asset was $1,405,000, resulting in a price per square foot of $392. The buyer, Christopher L. Weeks, acquired the property from the seller, Benjamin Resnicow & Maeve Levi, for an average of $468,333 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,405,000
- Address: 170 Chelsea St
- Market: East Boston
- Square Footage: 3,588
- Price per Square Foot: $392
- Units: 3
- Price per Unit: $468,333
Christopher L. Weeks represented the buyer's interests in this transaction, while Benjamin Resnicow and Maeve Levi acted as the seller's representatives.
Players
Boston 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
11.29%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93