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116-118 Charles Street

Waltham Multifamily Property Sold For $1.315M With Gary J. Marchese Of Marchese Realty Group
SOLDMultiFamily

Waltham Multifamily Property Sold For $1.315M With Gary J. Marchese Of Marchese Realty Group

116-118 Charles Street

$1,315,000

$419/SF

Building Size

3,138 SF

Asset Type

MultiFamily

Closing

Dec 22, 2023

AI

In Waltham, a multifamily property located at 116-118 Charles Street was sold for $1,315,000. This transaction was overseen by broker Gary J. Marchese of Marchese Realty Group. The property spans a total of 3,138 square feet, resulting in a price per square foot of $419. The asset type is categorized as a multifamily property in the real estate market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,315,000
  • Address: 116-118 Charles Street
  • Market: Waltham, MA
  • Broker: Gary J. Marchese - Marchese Realty Group
  • Square Footage: 3,138
  • Price Per Square Foot: $419

This deal involved broker Gary J. Marchese representing Marchese Realty Group. Their expertise and negotiation skills played a crucial role in facilitating the successful sale of the multifamily property at 116-118 Charles Street in Waltham, MA.

Players

Gary J. Marchese

Marchese Realty Group

Broker

$2.6M

vol

2 deals

Broker

Waltham 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

12.06%

Cash-on-Cash

-3.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93