Updated Oct 28, 2024
Chelsea Dev Partners LLC Sells East Boston Multifamily For $3.3M
45 Chelsea St, East Boston, Boston, MA, USA
$3,300,000
$660/SF
Building Size
4,995 SF
Asset Type
MultiFamily
Closing
Jul 19, 2021
About this deal
AI
Located in East Boston, MA, the multifamily property at 45 Chelsea St & 47 Chelsea St recently changed hands in a sale transaction. The property, consisting of 4,995 square feet, boasts 4 units, making it an attractive investment opportunity in the market.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $3,300,000
- Square Footage: 4,995
- Price per Square Foot: $661
- Number of Units: 4
- Price per Unit: $825,000
The seller of the property was Chelsea Dev Partners Llc, represented by their counsel Anthony Mcguinnes. Anthony Mcguinnes acted as the dedicated legal advisor in the transaction.
On the Map
$3,300,000
$660/SF
MultiFamily
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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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93