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43-45 Blossom Street

Updated Sep 9, 2024

Hakim Sadler's MIG Realty Sells Multifamily Property In Chelsea, MA For $1.225M
SOLDMultiFamily

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

Hakim Sadler

MIG Realty

Broker

$68.3M

vol

34 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

Chelsea MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $157 per square foot on a published $1.2M for 7,791 square feet (2020).

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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

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