Chelsea, MA Multifamily Sells For $1.05M With Buyer's Rep Jesse Malzone & Seller's Rep Daniel Huynh
240 Revere Beach Parkway, Chelsea, Massachusetts 02150, United States
$1,050,000
$256/SF
Building Size
4,098 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
AI
Located at 240 Revere Beach Pkwy in Chelsea, MA, this multifamily property has recently been sold. With a total square footage of 4,098, the property was purchased for a price of $1,050,000, resulting in a price per square foot of $256.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Date: 12/10/2021
- Market: Chelsea, MA
- Buyer's Representative: Jesse Malzone - C21 North East
- Seller's Representative: Daniel Huynh - Keller Williams Realty
The buyer of this property was represented by Jesse Malzone from C21 North East, while Daniel Huynh from Keller Williams Realty served as the seller's representative. This successful transaction showcases the collaborative efforts between the parties involved in the deal.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93