Rudy Gonzalez Purchases Multifamily Property On Heard Street In Chelsea From Marc Abou-Ezzi For $2.05M
SOLD
$2,050,000
Massachusetts
See Similar DealsMultiFamily7,554 SF
Sold 08/27/2025
SOLD
Rudy Gonzalez Purchases Multifamily Property On Heard Street In Chelsea From Marc Abou-Ezzi For $2.05M
22 Heard Street
See Similar DealsMultiFamily7,554 SF
Sold 08/27/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$271
Total Square Footage:7,554 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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