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Kaylie Bonanno & Ryan McCormick Facilitate $1.09M Sale Of Watertown Multifamily

Property Image
SOLD
$1,090,000
Ryan Mccormick
Kaylie Bonanno

Massachusetts

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MultiFamily
Sold 05/07/2024
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Property Image
SOLD

Kaylie Bonanno & Ryan McCormick Facilitate $1.09M Sale Of Watertown Multifamily

16 Kondazian Street & 18 Kondazian Street

See Similar Deals
MultiFamily
Sold 05/07/2024
Ryan Mccormick
Kaylie Bonanno
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A two-family home at 16-18 Kondazian St, Watertown, MA, sold for $1,090,000. The property spans 3,753 sq ft, offering four bedrooms and two baths. Situated near New Arsenal Yard and Boston Landing, it includes a spacious patio, porch, balcony, and four off-street parking spaces. Both units are currently leased through 8/31/24.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,090,000
  • Units: 2
  • Price per Unit: $545,000
  • Address: 16-18 Kondazian Street
  • Market: Watertown, MA

Kaylie Bonanno from Coldwell Banker represented the buyer in this transaction, while Ryan Mccormick from Metro Realty Corp represented the seller.

Players

Ryan Mccormick
Metro Realty
Ryan Mccormick
3 deals$6M volume(401) 640-9275
BROKER
Kaylie Bonanno
Coldwell Banker
Kaylie Bonanno
1 deal$1.1M volume(508) 740-1893
BROKER

Details

SOLD
IMAGE: Kaylie Bonanno & Ryan Mccormick DATE: 05/07/2024 ADDRESS: 16-18 Kondazian Street MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER'S REP: Kaylie Bonanno (@TheRealKaylieb) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Ryan Mccormick - Metro Realty Corp (@MetroRealtyCorp) SALE PRICE: $1,090,000 UNITS: 2 ~ PPU: $545,000 NOTE: A two-family home at 16-18 Kondazian St, Watertown, MA, sold for $1,090,000, featuring 3,753 sq ft with four bedrooms and two baths. Located near New Arsenal Yard and Boston Landing, the property includes a spacious patio, porch, balcony, and four off-street parking spaces, with both units leased through 8/31/24.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,872.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,167.16
Annual Debt Service$62,005.87