Updated Dec 21, 2023
Century 21 North East Represents Both Buyer And Seller In $1.1M Multifamily Sale On Chelsea St, Boston
186 Chelsea Street, Boston, Massachusetts 02128, United States
$1,100,000
$276/SF
Building Size
3,984 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
The multifamily property located at 186 Chelsea St in Boston, MA was recently sold for a total price of $1,100,000. The transaction took place on January 31, 2022, and the property spans a total area of 3,984 square feet. With a price per square foot of $276, this sale presents an opportunity for the new owner to capitalize on an investment in the Boston real estate market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Date: January 31, 2022
- Address: 186 Chelsea St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Diana Franco from Century 21 North East, while the seller's representative was the Pratt Properties Team, also from Century 21 North East. With their expertise, both representatives played a crucial role in facilitating the successful sale of this multifamily property.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93