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
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93