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31 Louis Street

Northeast Private Client Group Sells Multifamily Portfolio In Chelsea, MA For $8.4M As Seller's Rep
SOLDMultiFamily

Northeast Private Client Group Sells Multifamily Portfolio In Chelsea, MA For $8.4M As Seller's Rep

31 Louis Street & 47 Louis Street

$8,400,000

Building Size

Asset Type

MultiFamily

Closing

Apr 4, 2024

AI

The six-building portfolio at 31-47 Louis Street in Chelsea, MA has been sold for $8.4 million. The property comprises 27 residential units with 23 off-street parking spaces, as well as amenities like coin-op washers and dryers.

Summary of transaction details:

Senior Associates Drew Kirkland, Francis Saenz, and Jim Casey were responsible for representing the seller and facilitating the transaction with the buyer in this deal.

Players

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker

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

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93