Updated Dec 19, 2023
Elias Interiano Acquires Multifamily Property In East Boston, MA For $1.125M
80 Chelsea Street, East Boston, Boston, MA, USA
$1,125,000
$391/SF
Building Size
2,876 SF
Asset Type
MultiFamily
Closing
Jan 19, 2021
About this deal
AI
An multifamily property located at 80 Chelsea Street in East Boston, MA was recently sold for a total price of $1,125,000. The property spans approximately 2,876 square feet, resulting in a price per square foot of $391. It consists of three units, with each unit being sold at an average price of $375,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 80 Chelsea Street, East Boston, MA
- Market: East Boston, MA
Elias Interiano acted as the buyer in this transaction, while Marina Stepanuk and Vladimir Khaynovsky served as the sellers.
Players
Boston 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93