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Jerome Bibuld & James Kopecky Facilitate $1,050,000 Sale Of Multifamily Property In Chelsea
SOLD
Massachusetts
See Similar DealsMultiFamily4,212 SF
Sold 03/14/2024
SOLD
Jerome Bibuld & James Kopecky Facilitate $1,050,000 Sale Of Multifamily Property In Chelsea
62 Grove Street
See Similar DealsMultiFamily4,212 SF
Sold 03/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$249
Total Square Footage:4,212 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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