Updated Oct 28, 2024
La Colaborativa Inc Acquires Office Building In Chelsea For $4.6M
63 Sixth Street, Chelsea, Massachusetts 02150, United States
$4,600,000
$1,197/SF
Building Size
3,840 SF
Asset Type
Office
Closing
Dec 21, 2021
About this deal
AI
A 3,840 square foot office property located at 63 6th St in Chelsea was recently sold for $4,600,000. The property was purchased by La Colaborativa Inc from the sellers, Merullo Nt 2 and Joan M Merullo. The price per square foot for this transaction was $1,197.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,600,000
- Square Footage: 3,840
- Address: 63 6th St, Chelsea
- Buyer: La Colaborativa Inc
- Seller: Merullo Nt 2 & Joan M Merullo
- Price per Square Foot: $1,197
This deal was facilitated by the broker representing La Colaborativa Inc and the sellers, Merullo Nt 2 and Joan M Merullo.
Players
Chelsea Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93