Jerome Bibuld & James Kopecky Facilitate $1,050,000 Sale Of Multifamily Property In Chelsea
62 Grove Street
$1,050,000
$249/SF
Building Size
4,212 SF
Asset Type
MultiFamily
Closing
Mar 14, 2024
AI
A multifamily property located at 62 Grove Street in Chelsea, MA, was recently sold for $1,050,000. The property spans 4,212 square feet, resulting in a price per square foot of $249.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 62 Grove Street
- Market: Chelsea, MA
Jerome Bibuld and James Kopecky from Red Tree Real Estate played pivotal roles in representing the transaction of this multifamily property at 62 Grove Street in Chelsea, MA.
Players
Chelsea MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93