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.
On the Map
$1,700,000
$317/SF
MultiFamily
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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