Peter Flori Of Orione Realty Group Represents Buyer In $1.219M Watertown Multifamily Sale
15 Edgecliff Road & 17 Edgecliff Road
$1,219,000
$167/SF
Building Size
7,280 SF
Asset Type
MultiFamily
Closing
Jul 24, 2024
AI
A large two-family home at 15-17 Edgecliff Road, Watertown, sold for $1.219 million. The property encompasses 3,640 sq. ft. and features separate apartments and a range of amenities, offering strong potential for owner occupancy or development. The price per unit is $609,500 and the price per square foot is $335.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,219,000
- Units: 2
- Square Footage: 3,640
- Price Per Unit: $609,500
- Price Per Square Foot: $335
- Buyer's Representative: Peter Flori - Orione Realty Group
- Seller's Representative: Patrick Murphy - Coldwell Banker
This transaction involved key players in the real estate market, with Peter Flori representing the buyer through Orione Realty Group and Patrick Murphy representing the seller via Coldwell Banker. Their involvement played a crucial role in facilitating the transaction for the multifamily property.
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
13.01%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93