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
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