Updated Dec 4, 2024
Christopher Blasczak & Peter Kasseris Close $1.25M Wakefield Multifamily Sale
1 Overlook Road
$1,250,000
$449/SF
Building Size
2,782 SF
Asset Type
MultiFamily
Closing
Apr 30, 2024
About this deal
AI
1 Overlook Rd, Wakefield, MA, sold for $1,250,000, offering a newly renovated 2-family home with modern amenities like electric fireplaces and open-concept designs in each unit.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 1 Overlook Road, Wakefield, MA
- Market: Wakefield, MA
- Square Footage: 2,782
- Price per Square Foot: $449
- Buyer's Rep: Christopher Blasczak - Liberty Residential Realty
- Seller's Rep: Peter Kasseris - Coldwell Banker
The deal was facilitated by Christopher Blasczak from Liberty Residential Realty representing the buyer, and Peter Kasseris from Coldwell Banker representing the seller.
Players
Wakefield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93