Updated Oct 29, 2024
GK Development Acquires 6-Unit Multifamily In Waltham, MA For $1.675M
131-133 High Street
$1,675,000
$354/SF
Building Size
4,726 SF
Asset Type
MultiFamily
Closing
Dec 19, 2022
About this deal
AI
A multifamily property located at 131-133 High Street in Waltham, MA has been sold. The property consists of 6 units and spans across 4,726 square feet. The sale price for this transaction was $1,675,000, resulting in a price per unit of $279,167 and a price per square foot of $354.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Units: 6
- Price per Unit: $279,167
- Square Footage: 4,726
- Price per Square Foot: $354
Gerard Testa of GK Development purchased the property from Russell Dargento. Massis Khoumjian from Coldwell Banker Realty represented the buyer, while Gregory Herot from Club Realty Boston represented the seller in this transaction.
Players
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93