Updated Dec 21, 2023
Mark R. Epker Acquires Multifamily Property In Chelsea, MA For $1.35M
62 Washington Ave, Chelsea, Massachusetts, USA
$1,350,000
$331/SF
Building Size
4,073 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
A multifamily property located at 62 Washington Ave in Chelsea, MA has been sold in a recent transaction. The property spans 4,073 square feet and was sold for a price of $1,350,000, resulting in a price per square foot of $331. The transaction included a total of 11 units, with each unit being priced at an average of $122,727.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Square Footage: 4,073
- Address: 62 Washington Ave, Chelsea, MA
- Market: Chelsea, MA
- Seller: Jonathan Marcus
- Buyer: Mark R. Epker
Jonathan Marcus served as the seller in this transaction, while Mark R. Epker acted as the buyer. Both parties were represented by their respective brokers throughout the deal.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93