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Pena Realty Corporation & Boston's Finest Realty Group Facilitates $1.32M Sale Of Multifamily Property in Chelsea, MA
SOLD
$1,320,000
Massachusetts
See Similar DealsMultiFamily4,480 SF
Sold 01/31/2024
SOLD
Pena Realty Corporation & Boston's Finest Realty Group Facilitates $1.32M Sale Of Multifamily Property in Chelsea, MA
25 Cary Avenue
See Similar DealsMultiFamily4,480 SF
Sold 01/31/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$294
Total Square Footage:4,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,689.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,257.47
Annual Debt Service$75,089.68
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