Kinvarra Capital Sells Package Deal In Chelsea, MA For $2.6M With Brokers Ryan Taylor & Justin People
52 Spencer Avenue
$2,585,000
$508/SF
Building Size
5,084 SF
Asset Type
Package Deal
Closing
May 17, 2022
AI
The property at 52 Spencer Ave in Chelsea, MA has been sold as part of a package deal. The transaction was facilitated by Ryan Taylor of Coldwell Banker and Justin People. The seller, Kinvarra Capital, achieved a sale price of $2,585,000 for the property. The building measures 5,084 square feet, resulting in a price per square foot of $508.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,585,000
- Square Footage: 5,084
- Price per Square Foot: $508
- Address: 52 Spencer Ave, Chelsea, MA
- Market: Chelsea, MA
Ryan Taylor of Coldwell Banker and Justin People acted as the brokers for the deal. They successfully facilitated the transaction between Kinvarra Capital and the buyer. This sale demonstrates their expertise and effectiveness in closing package deals in the Chelsea real estate market.
Players
London Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.14%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93