Rudy Gonzalez Purchases Multifamily Property On Heard Street In Chelsea From Marc Abou-Ezzi For $2.05M
22 Heard Street
$2,050,000
$271/SF
Building Size
7,554 SF
Asset Type
MultiFamily
Closing
Aug 26, 2025
AI
The asset involved in the transaction is a multifamily property located at 22 Heard Street, Chelsea, MA. The property consists of 6 units, with a total square footage of 7,554. The sale price for the property was $2,050,000, resulting in a price per unit of $341,666 and a price per square foot of $271.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Units: 6
- Square Footage: 7,554
- Price per Unit: $341,666
- Price per Square Foot: $271
- Buyer: Rudy Gonzalez
- Seller: Marc Abou-Ezzi
- Broker: Brian Martinez - Com-Pro Real Estate Services
Brian Martinez of Com-Pro Real Estate Services represented both the buyer and seller in this transaction. The property features a strong rental history in a rapidly developing market, indicating potential for income growth through renovations and landscaped tenant parking solutions.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93