Deirdre Donarumo Acquires 5-Unit Multifamily In Chelsea For $1.3M
61 Addison Street
$1,300,000
$352/SF
Building Size
3,684 SF
Asset Type
MultiFamily
Closing
May 20, 2024
AI
The multifamily property located at 61 Addison Street in Chelsea, MA, was recently sold for $1,300,000. This property consists of 5 units with a total square footage of 3,684 and a price per unit of $260,000. The price per square foot for this transaction was $353.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 5
- Price per Unit: $260,000
- Square Footage: 3,684
- Price per Square Foot: $353
- Address: 61 Addison Street
- Market: Chelsea, MA
The buyer, Deirdre Donarumo, acquired the property from the seller, Alex Kurtnik. Representing the buyer was Eugene Diaz-ElGordo from William Raveis. On the seller's side, the transaction was handled by Dan Pouladian, Sara Pouladian, and Michael McCarthy of North Shore Realty Advisors. Congratulations to all parties involved in this successful 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93