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37 Chelsea St, East Boston,...

Updated Oct 28, 2024

Chelsea Dev Partners Llc Sells Multifamily Property On Chelsea St, East Boston For $1.7M
SOLDMultiFamily

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

PL
Partners LlcSeller

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $317 per square foot on a published $1.7M for 5,353 square feet (2021).

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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

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