Updated Oct 28, 2024
Chelsea Dev Partners Llc Sells Multifamily Property On Chelsea St, East Boston For $1.7M
37 Chelsea St, East Boston, Boston, Massachusetts, USA
$1,700,000
$317/SF
Building Size
5,353 SF
Asset Type
MultiFamily
Closing
Jul 19, 2021
About this deal
AI
A multifamily property located at 37 Chelsea St in East Boston, MA was recently sold for a price of $1,700,000. The property has a total area of 5,353 square feet, resulting in a price per square foot of $318. It consists of four units, with each unit being sold at an average price of $425,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 37 Chelsea St
- Market: East Boston, MA
- Seller: Chelsea Dev Partners Llc
- Seller's Counsel: Anthony Mcguinnes
- Total Square Footage: 5,353
- Price per Square Foot: $318
- Number of Units: 4
- Price per Unit: $425,000
The sale of this multifamily property was facilitated by Chelsea Dev Partners Llc as the seller. The seller's counsel, Anthony Mcguinnes, represented them in the transaction.
Players
Boston 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93