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43 Chestnut Street

Luxury Living Real Estate Facilitates $2.2M Sale Of Multifamily Property In Charlestown, MA
SOLDMultiFamily

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

Candice Macoul

Luxury Living Real Estate

Broker

$2.2M

vol

1 deal

Broker

Craig Wood

Buyer

$227.2M

vol

2 deals

Buyer

Hartford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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