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15 Edgecliff Road

Peter Flori Of Orione Realty Group Represents Buyer In $1.219M Watertown Multifamily Sale
SOLDMultiFamily

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:

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

Patrick Murphy

Coldwell Banker

Broker

$4.3M

vol

5 deals

Broker

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