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:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 3
- Price Per Unit: $366,667
- Square Footage: 2,733
- Market: Chelsea, MA
- Buyer's Representative: Alison Socha & Linda O'Koniewski - Leading Edge Real Estate
- Seller's Representative: Ricardo Amaya - Broad Sound Real Estate
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
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