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61 Addison Street

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

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

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

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