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17 Oakland Street

Annie Youssoufian Of Boston Brownstones Realty Represents Buyer In $1.1M Watertown Multifamily Sale
SOLDMultiFamily

Annie Youssoufian Of Boston Brownstones Realty Represents Buyer In $1.1M Watertown Multifamily Sale

17 Oakland Street & 19 Oakland Street

$1,107,500

$238/SF

Building Size

2,320 SF

Asset Type

MultiFamily

Closing

Sep 16, 2024

AI

A two-family home located at 17-19 Oakland Street in Watertown, MA, has been sold for $1,107,500. This multifamily asset encompasses a total of 2,320 square feet and includes 6 bedrooms and 2 bathrooms. The property features hardwood floors, renovated kitchens and bathrooms, and private balconies. Additionally, it provides convenient access to Watertown Square and public transportation.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,107,500
  • Units: 2
  • Price Per Unit: $553,750
  • Square Footage: 2,320
  • Price Per Square Foot: $477

Annie Youssoufian of Boston Brownstones Realty represented the buyer in this transaction, while Abby Marsh of Lamacchia Realty acted as the representative for the seller.

Players

Abby Marsh

Lamacchia Realty

Broker

$1.1M

vol

1 deal

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

14.32%

Cash-on-Cash

-4.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93