Chelsea Dev Partners Llc Sells Multifamily Property On Chelsea St, East Boston For $1.7M
SOLD
$1,700,000
Massachusetts
See Similar DealsMultiFamily5,353 SF
Sold 07/20/2021
SOLD
Chelsea Dev Partners Llc Sells Multifamily Property On Chelsea St, East Boston For $1.7M
37 Chelsea St, East Boston, Boston, Massachusetts, USA
See Similar DealsMultiFamily5,353 SF
Sold 07/20/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:5,353 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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