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240 Revere Beach Parkway, C...

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

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

Jesse Malzone

LAER Realty Partners

Broker

$3.7M

vol

2 deals

Broker

Chelsea MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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