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52 Spencer Avenue

Kinvarra Capital Sells Package Deal In Chelsea, MA For $2.6M With Brokers Ryan Taylor & Justin People
SOLDPackage Deal

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

Ryan Taylor

Fortune Realty

Broker

$163.3M

vol

42 deals

Broker
KC
Kinvarra CapitalSeller

London Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

Loading comparables…

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