Updated Dec 21, 2023
Mark R. Epker Acquires 18-Unit Multifamily In Chelsea, MA For $3.8M
185 Washington Ave, Chelsea, Massachusetts, USA
$3,800,000
$258/SF
Building Size
14,700 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
The multifamily property located at 185 Washington Ave in Chelsea, MA has been sold in a closed transaction. The property spans 14,700 square feet and includes 18 units. The sale price for this transaction was $3,800,000, resulting in a price per square foot of $259 and a price per unit of $211,111.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 185 Washington Ave
- Market: Chelsea, MA
- Square Footage: 14,700
- Price per Square Foot: $259
- Units: 18
- Price per Unit: $211,111
The seller of the property was Jonathan Marcus, and the buyer was Mark R. Epker.
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