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22 Heard Street

Rudy Gonzalez Purchases Multifamily Property On Heard Street In Chelsea From Marc Abou-Ezzi For $2.05M
SOLDMultiFamily

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

Brian Martinez

Com-Pro Real Estate Services

Broker

$10.1M

vol

5 deals

Broker
 Com-Pro Real Estate Services
Com-Pro Real Estate ServicesBrokerage
Marc Abou-Ezzi

Marc Abou-Ezzi

Seller

$44.7M

vol

9 deals

Seller

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