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Christopher Blasczak & Peter Kasseris Close $1.25M Wakefield Multifamily Sale
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily2,782 SF
Sold 04/30/2024
SOLD
Christopher Blasczak & Peter Kasseris Close $1.25M Wakefield Multifamily Sale
1 Overlook Road
See Similar DealsMultiFamily2,782 SF
Sold 04/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$449
Total Square Footage:2,782 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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