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16 Kondazian Street

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

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

16 Kondazian Street & 18 Kondazian Street

$1,090,000

Building Size

Asset Type

MultiFamily

Closing

May 7, 2024

AI

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

Broker

$6M

vol

3 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

14.55%

Cash-on-Cash

-4.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93