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Mikael Vienneau Acquires Multifamily Property In Chelsea, MA For $4M

Property Image
SOLD
$4,000,100
John Pentore
Mike Vienneau
+ 1

National

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MultiFamily12,995 SF
Sold 04/14/2023
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Property Image
SOLD

Mikael Vienneau Acquires Multifamily Property In Chelsea, MA For $4M

268 & 278-280 Washington Ave

See Similar Deals
MultiFamily12,995 SF
Sold 04/14/2023
John Pentore
Mike Vienneau
+ 1
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:12,995 SF
Transaction Type:Sale

The multifamily property located at 268 & 278-280 Washington Ave in Chelsea, MA has been sold in a closed transaction. The property consists of 16 units with a total square footage of 12,995. The sale price for this transaction was $4,000,100, resulting in a price per unit of $250,006 and a price per square foot of $308.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,100
  • Units: 16
  • Price per Unit: $250,006
  • Square Footage: 12,995
  • Price per Square Foot: $308
  • Address: 268 & 278-280 Washington Ave, Chelsea, MA
  • Seller: Milan Patel
  • Buyer: Mikael Vienneau
  • Brokers: Dennis Kelleher & John Pentore - Horvath & Tremblay

Leading the deal were brokers Dennis Kelleher and John Pentore from Horvath & Tremblay. Mikael Vienneau served as the buyer, while Milan Patel acted as the seller. These individuals and companies played crucial roles in facilitating the successful transaction of the multifamily property.

Players

Dennis Kelleher
95 deals$558.5M volume
BROKER

John Pentore
Horvath & Tremblay
99 deals$577.6M volume
BROKER

Mike Vienneau
11 deals$45.5M volume(617) 466-0989
BROKER

Mike Vienneau
11 deals$45.5M volume(617) 466-0989
BROKER

Mike Vienneau
11 deals$45.5M volume(617) 466-0989
BROKER

Mike Vienneau
11 deals$45.5M volume(617) 466-0989
BROKER

Mike Vienneau
11 deals$45.5M volume(617) 466-0989
BROKER

Mike Vienneau
11 deals$45.5M volume
BUYER

Details

SOLD
IMAGE: John Pentore, Dennis Kelleher & Mikael Vienneau DATE: 04/14/2023 ADDRESS: 268 & 278-280 Washington Ave MARKET: Chelsea, MA ASSET TYPE: Multifamily BUYER: Mikael Vienneau SELLER: Milan Patel BROKERS: Dennis Kelleher & John Pentore - Horvath & Tremblay SALE PRICE: $4,000,100 UNITS: 16 ~ PPU: $250,006 SF: 12,995 ~ PPSF: $308

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$14,211.52
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