Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 25 Cary Avenue in Chelsea, Massachusetts sold for $1.3M in 2024. The building is 4,480 square feet, implying about 294 per square foot on the published price. Benjamin Barrett, Maria Pena, Pena Realty Corporation, Boston's Finest Realty Group appear on the sale alongside Pena Realty Corporation, Boston's Finest Realty Group. This page is the Chelsea, Massachusetts file for the 25 Cary Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chelsea sit in the Market section below. Filter that Chelsea multifamily set by closing date to see what else sold near 25 Cary Avenue around 2024. Published consideration for 25 Cary Avenue is $1.3M, dated 2024. Cite this Pena Realty Corporation & Boston's Finest Realty Group Facilitates $1.32M Sale Of Multifamily Property in Chelsea, MA sale when underwriting similar multifamily product around Chelsea, Massachusetts.
Players
Chelsea MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Maria Pena to view all their deals.
Browse Chelsea multifamily sales on Traded.
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