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62 Grove Street

Jerome Bibuld & James Kopecky Facilitate $1,050,000 Sale Of  Multifamily Property In Chelsea
SOLDMultiFamily

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

Jerome Bibuld

Red Tree Real Estate

Broker

$12M

vol

7 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93