Updated Dec 4, 2024
Wakefield Multifamily Property Sells For $1M With Buyer's Rep Suman Mahara & Seller's Rep Cindy DeMartino, Jaclynn Forster And Joe Ippolito
14 Columbia Road
$1,000,000
$271/SF
Building Size
3,684 SF
Asset Type
MultiFamily
Closing
Sep 13, 2023
About this deal
AI
A multifamily property located at 14 Columbia Road in Wakefield, MA, was recently sold for $1 million. The property boasts a total square footage of 3,684, resulting in a price per square foot of $271.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Square Footage: 3,684
- Price Per Square Foot: $271
- Address: 14 Columbia Road, Wakefield, MA
- Market: Wakefield, MA
The transaction involved Suman Mahara from oNest Real Estate representing the buyer, while Cindy DeMartino, Jaclynn Forster, and Joe Ippolito from William Raveis Real Estate represented the seller.
On the Map
$1,000,000
$271/SF
MultiFamily
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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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93