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Chelsea, MA Multifamily Sells For $1.05M With Buyer's Rep Jesse Malzone & Seller's Rep Daniel Huynh

Property Image
SOLD
$1,050,000

Massachusetts

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MultiFamily4,098 SF
Sold 12/10/2021
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Property Image
SOLD

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

See Similar Deals
MultiFamily4,098 SF
Sold 12/10/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:4,098 SF
Transaction Type:Sale

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

Jesse Malzone
2 deals$3.7M volume
BROKER

Daniel Huynh
Keller Williams Realty
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Daniel Huynh DATE: 12/10/2021 ADDRESS: 240 Revere Beach Pkwy MARKET: Chelsea, MA ASSET TYPE: Multifamily BUYER'S REP: Jesse Malzone - C21 North East SELLER'S REP: Daniel Huynh - Keller Williams Realty SALE PRICE: $1,050,000 SF: 4,098 ~ PPSF: $256

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43