Maximo Duarte Acquires Multifamily Building In Chelsea For $1.92M

A Brick 6 Unit Building located at 25-27 Marlborough Street in Chelsea, MA, was recently sold for $1,920,000. The property spans 6,522 square feet, offering a value of $294 per square foot. This multifamily asset consists of 6 units, resulting in a price per unit of $320,000. The transaction involved Maximo Duarte as the buyer, and Stephen Shuman as the seller. The sale was facilitated by Brian Martinez from COM-PRO Real Estate Services, who represented both parties in the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,920,000
• Units: 6
• Square Footage: 6,522
• Price per Unit: $320,000
• Price per Square Foot: $294
• Address: 25 Marlborough Street, Chelsea, MA
• Market: Chelsea, MA

Brian Martinez of COM-PRO Real Estate Services, the broker handling the transaction, highlighted the property's value-add potential, especially in a rapidly emerging market with a resilient workforce. Martinez played a crucial role in navigating the deal between the buyer and the seller, showcasing his expertise in real estate transactions.