David Hayes Of Coldwell Banker Represents Buyer In $1.695M Multifamily Sale In Watertown MA
12 Marshall Street & 14 Marshall Street
$1,695,000
$189/SF
Building Size
8,960 SF
Asset Type
MultiFamily
Closing
Jul 3, 2024
AI
12-14 Marshall Street is a three-unit multifamily home located in Watertown, MA, that has been fully renovated. The property sold for $1,695,000 and spans 4,480 square feet. The multifamily asset consists of a 4-bedroom, 3-bathroom unit, a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit. The modern kitchens feature stainless steel appliances, and the property includes in-unit laundry facilities, two driveways, and two garage spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,695,000
- Units: 3
- Price Per Unit: $565,000
- Square Footage: 4,480
- Price Per Square Foot: $378
- Buyer's Representative: David Hayes - Coldwell Banker
- Seller's Representative: Timur Abdurakhmonov - Northeastern Realty Group
This transaction involved key representatives in the real estate industry, with David Hayes representing the buyer and Timur Abdurakhmonov representing the seller. The deal took place on March 7, 2024, contributing to the dynamics of the Watertown real estate market.
Players
Watertown 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
9.36%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93