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170 Chelsea St, East Boston...

Updated Dec 21, 2023

Christopher L. Weeks Purchases Multifamily Property On Chelsea St, East Boston For $1.4M
SOLDMultiFamily

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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Deal FAQ

About $391 per square foot on a published $1.4M for 3,588 square feet (2021).

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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

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