Updated Dec 19, 2023
Jianguo Lui & Zhuyuan Zhang Acquire Multifamily Property On Library St In Chelsea, MA For $1M
50 Library St, Chelsea, Massachusetts, USA
$1,000,000
$270/SF
Building Size
3,699 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
About this deal
AI
This multifamily property located at 50 Library St in Chelsea, MA was recently sold in a transaction. The property spans a total of 3,699 square feet with a price per square foot of $270. The sale price for this property was $1,000,000. It consists of 3 units, making the price per unit equal to $333,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- SF: 3,699
- PPSF: $270
- Units: 3
- PPU: $333,333
The seller of this property was Randal L. Isaac, while Jianguo Lui & Zhuyuan Zhang were the buyers involved in the transaction.
Players
Chelsea 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93