facebook
Traded Co logo
Submit

Deirdre Donarumo Acquires 5-Unit Multifamily In Chelsea For $1.3M

Property Image
SOLD
$1,300,000

Massachusetts

See Similar Deals
MultiFamily3,684 SF
Sold 05/20/2024
the dealplayerscompscontact
Property Image
SOLD

Deirdre Donarumo Acquires 5-Unit Multifamily In Chelsea For $1.3M

61 Addison Street

See Similar Deals
MultiFamily3,684 SF
Sold 05/20/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:3,684 SF
Transaction Type:Sale

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

Dan Pouladian
67 deals$302.3M volume(617) 548-7737
BROKER

Sara Pouladian
Northshore Realty Advisors
55 deals$252.5M volume
BROKER

Michael McCarthy
North Shore Realty Advisors
6 deals$40.7M volume(781) 885-8318
BROKER

Details

SOLD
IMAGE: Dan Pouladian, Sara Pouladian & Michael McCarthy DATE: 05/20/2024 ADDRESS: 61 Addison Street MARKET: Chelsea, MA ASSET TYPE: Multifamily BUYER: Deirdre Donarumo SELLER: Alex Kurtnik BUYER'S REP: Dan Pouladian, Sara Pouladian & Michael McCarthy - North Shore Realty Advisors (@NorthshoreRealtyAdvisorsInc) SALE PRICE: $1,300,000 UNITS: 5 ~ PPU: $260,000 SF: 3,684 ~ PPSF: $353 NOTE FROM BUYER'S REP: North Shore Realty Advisors, Inc represented the Seller and William Raveis represented the Buyer. Michael McCarthy and Dan Pouladian were the agents for the Seller and Eugene Diaz-ElGordo was the Buyer's agent. Congratulations to everyone involved on this transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96