Updated Oct 28, 2024
Neighborhood Dev Inc Acquires Apartment In Chelsea For $13.2M
30 Grove Street, Chelsea, Massachusetts 02150, United States
$13,247,412
$2,374/SF
Building Size
5,580 SF
Asset Type
MultiFamily
Closing
Dec 12, 2021
About this deal
AI
An apartment located at 30 Grove St in Chelsea was recently sold in a transaction. The property spans 5,580 square feet and was sold for a price of $13,247,412. The price per square foot for this apartment is $2,374.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $13,247,412
- Address: 30 Grove St
- Market: Chelsea
- Square footage: 5,580
- Price per square foot: $2,374
The buyer in this transaction was Neighborhood Dev Inc, while the seller was Chelsea Homes I Lp.
Players
Chelsea MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93