Luxury Living Real Estate Facilitates $2.2M Sale Of Multifamily Property In Charlestown, MA
43 Chestnut Street
$2,200,000
$725/SF
Building Size
3,033 SF
Asset Type
MultiFamily
Closing
Jul 14, 2022
AI
The multifamily property located at 43 Chestnut St in Charlestown, MA has been sold for a price of $2,200,000. The property consists of 3 units, with each unit priced at an average of $733,333. Spanning across 3,033 square feet, the property equates to a price per square foot of $725.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 43 Chestnut St, Charlestown, MA
- Market: Charlestown, MA
- Buyer: 43 Chestnut LLC - Alex Provost & Craig Wood
- Seller: GPB Real Estate Trust
- Broker: Candice Macoul - Luxury Living Real Estate
- Units: 3
- Price per Unit (PPU): $733,333
- Square Footage (SF): 3,033
- Price per Square Foot (PPSF): $725
Alex Provost and Craig Wood, representing 43 Chestnut LLC, served as the buyers in this transaction. The seller was GPB Real Estate Trust. Luxury Living Real Estate, represented by broker Candice Macoul, facilitated the deal.
Players
Hartford 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93