Updated Dec 4, 2024
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
About this deal
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.
The multifamily sale at 62 Grove Street in Chelsea, Massachusetts sold for $1.1M in 2024. The building is 4,212 square feet, implying about 249 per square foot on the published price. Jerome Bibuld, James Kopecky, Red Tree Real Estate appear on the sale alongside Red Tree Real Estate. This page is the Chelsea, Massachusetts file for the 62 Grove Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chelsea sit in the Market section below. Filter that Chelsea multifamily set by closing date to see what else sold near 62 Grove Street around 2024. Published consideration for 62 Grove Street is $1.1M, dated 2024. Cite this Jerome Bibuld & James Kopecky Facilitate $1,050,000 Sale Of Multifamily Property In Chelsea sale when underwriting similar multifamily product around Chelsea, Massachusetts.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93