Updated Dec 21, 2023
Marcus & Millichap Sells 12-Unit Multifamily Property In East Boston For $5M
45-47 Chelsea St, East Boston, Boston, Massachusetts, USA
$5,000,000
Units
12
Asset Type
MultiFamily
Closing
Aug 27, 2021
About this deal
AI
Located in East Boston, MA, a multifamily property was recently sold at 45-47 Chelsea St & 37 Chelsea St. The transaction, which took place on 08/27/2021, was facilitated by Evan Griffith & Tony Pepdjonovic from Marcus & Millichap. The property consists of 12 units, with each unit valued at approximately $416,667, resulting in a total sale price of $5,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Units: 12
- Price per Unit (PPU): $416,667
Evan Griffith & Tony Pepdjonovic, representing Marcus & Millichap, played a key role in the deal as the brokers involved in the transaction. Their expertise and negotiation skills contributed to the successful sale of this multifamily property.
Players
Boston 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93