Chelsea Dev Partners LLC Sells East Boston Multifamily For $3.3M
SOLD
$3,300,000
Massachusetts
See Similar DealsMultiFamily4,995 SF
Sold 07/20/2021
SOLD
Chelsea Dev Partners LLC Sells East Boston Multifamily For $3.3M
45 Chelsea St, East Boston, Boston, MA, USA
See Similar DealsMultiFamily4,995 SF
Sold 07/20/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$660
Total Square Footage:4,995 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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