Northeast Private Client Group Sells Multifamily Property in Chelsea for $1,525,000
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily property in Chelsea, MA–
Chelsea, MA (October 3, 2019) – Investment sales broker Northeast Private Client Group has announced the sale of Parker Street Apartments located at 51 Parker Street in Chelsea, MA. Drew Kirkland, Senior Associate for the firm, along with Investment Associate, Francis Saenz, and Junior Associate, Brad Carlson, represented the seller and procured the buyer in the $1,525,000 transaction.
Torra Irrevocable Income Only Trust sold the property to local investor, Dauenhauer Capital, LLC for a price that equates to $254,166 per unit and a cap rate of 4.21 percent.
Parker Street Apartments is a brick multifamily building consisting of two (2) three-bedroom and four (4) four-bedroom units. The property is located in a convenient Chelsea location, just half a mile from both the Chelsea and Silver Line stations and less than 5 miles from downtown Boston and Logan International Airport.
About Northeast Private Client Group
Northeast Private Client Group is the leading mid-market investment sales firm in the region and was recently named to the Inc5000 list of America’s fastest-growing private companies. With offices in New York, Connecticut and Massachusetts, the firm actively supports private investors looking to buy, sell or exchange mid-market properties including mixed-use, multifamily, retail and office assets. Northeast Private Client Group’s highly disciplined process is just one of the many reasons the firm has earned CoStar’s Power Broker designation year after year. To learn more, visit: www.northeastpcg.com.