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Maximo Duarte Acquires Multifamily Building In Chelsea For $1.92M

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SOLD
$1,920,000

Massachusetts

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MultiFamily6,522 SF
Sold 04/16/2024
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Property Image
SOLD

Maximo Duarte Acquires Multifamily Building In Chelsea For $1.92M

25 Marlborough Street

See Similar Deals
MultiFamily6,522 SF
Sold 04/16/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$294
Total Square Footage:6,522 SF
Transaction Type:Sale

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.

Players

Brian Martinez
5 deals$10.1M volume(857) 756-0295
BROKER

Details

SOLD
IMAGE: Brian Martinez DATE: 04/16/2024 ADDRESS: 25 Marlborough Street MARKET: Chelsea, MA ASSET TYPE: Multifamily BUYER: Maximo Duarte SELLER: Stephen Shuman BROKER: Brian Martinez (@bmartinez_95) - COM-PRO Real Estate Services SALE PRICE: $1,920,000 UNITS: 6 ~ PPU: $320,000 SF: 6,522 ~ PPSF: $294 NOTE FROM BROKER: Chelsea MA - A Brick 6 Unit Building has been sold in the downtown city area on 25-27 Marlborough Street for $1,920,000. Brian Martinez of COM-PRO Real Estate Services represented both the buyer and the seller in the transaction. Martinez highlighted the value-add potential in a rapidly emerging market with a resilient workforce.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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