Edward Deveau & Jorge Betancur Close $1.21M East Boston Multifamily Sale
192 Chelsea Street
$1,210,000
$363/SF
Building Size
3,332 SF
Asset Type
MultiFamily
Closing
Apr 9, 2024
AI
Located at 192 Chelsea Street in East Boston, a multifamily property was sold for $1,210,000. The property consists of 2 units with a total square footage of 3,332. The price per unit was $605,000, and the price per square foot was $363.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Address: 192 Chelsea Street
- Market: East Boston, MA
- Brokers: Edward Deveau & Jorge Betancur - Century 21
- Units: 2
- Square Footage: 3,332
- Price per Unit: $605,000
- Price per Square Foot: $363
The sale transaction at 192 Chelsea Street was facilitated by Edward Deveau and Jorge Betancur of Century 21. They played a crucial role in successfully closing the deal for this multifamily property in East Boston, MA.
Players
East 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93