Updated Sep 9, 2024
Hakim Sadler's MIG Realty Sells Multifamily Property In Chelsea, MA For $1.225M
43-45 Blossom Street
$1,225,000
$157/SF
Building Size
7,791 SF
Asset Type
MultiFamily
Closing
Jun 10, 2020
About this deal
AI
A multifamily property located at 43-45 Blossom St in Chelsea, MA was recently sold for a total of $1,225,000. The property spans across approximately 7,791 square feet, resulting in a price per square foot of $157. The sale took place on June 10, 2021, and the transaction was facilitated by broker Hakim Sadler from MIG Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 43-45 Blossom St, Chelsea, MA
- Square Footage: 7,791 square feet
- Price Per Square Foot: $157
- Broker: Hakim Sadler - MIG Realty (@MigRealty)
Hakim Sadler from MIG Realty played a crucial role as the broker in this transaction. His expertise and negotiation skills helped facilitate the sale of the multifamily property on Blossom St. Both the buyer and the seller were represented by Hakim Sadler from MIG Realty, ensuring a smooth and successful transaction.
Players
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93