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25 Cary Avenue

Pena Realty Corporation & Boston's Finest Realty Group Facilitates $1.32M Sale Of Multifamily Property in Chelsea, MA
SOLDMultiFamily

Pena Realty Corporation & Boston's Finest Realty Group Facilitates $1.32M Sale Of Multifamily Property in Chelsea, MA

25 Cary Avenue

$1,320,000

$294/SF

Building Size

4,480 SF

Asset Type

MultiFamily

Closing

Jan 31, 2024

AI

A multifamily property located at 25 Cary Avenue in Chelsea, MA, was recently sold for $1.32 million. The property spans 4,480 square feet with a price per square foot of $295.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,320,000
  • Address: 25 Cary Avenue
  • Market: Chelsea, MA

Maria Pena of Pena Realty Corporation represented the buyer, while Benjamin Barrett from Boston's Finest Realty Group served as the seller's representative in this transaction.

Players

Benjamin Barrett

Boston's Finest Realty Group

Broker

$1.3M

vol

1 deal

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

12.02%

Cash-on-Cash

-3.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93