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237 Walnut Street

Alison Socha & Linda O'Koniewski Acquire Multifamily Property In Chelsea For $1.1M As Buyer's Rep
SOLDMultiFamily

Alison Socha & Linda O'Koniewski Acquire Multifamily Property In Chelsea For $1.1M As Buyer's Rep

237 Walnut Street

$1,100,000

$402/SF

Building Size

2,733 SF

Asset Type

MultiFamily

Closing

Mar 29, 2024

AI

A turnkey three-family home at 237 Walnut St in Chelsea sold for $1.1 million, offering a rare opportunity for investors with fully leased units and recent upgrades including new electrical, mechanical, and plumbing systems, along with a brand-new rubber roof. The property spans 2,733 square feet, translating to a price per square foot of $402.

Summary of transaction details:

The deal was facilitated by Alison Socha and Linda O'Koniewski from Leading Edge Real Estate who represented the buyer, while Ricardo Amaya from Broad Sound Real Estate acted as the seller's representative.

Players

Alison Socha

Leading Edge Real Estate

Broker

$4.6M

vol

3 deals

Broker

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93