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177 Chestnut Street, Waltha...

Benjamin Herman's Valender Properties Acquires Multifamily Property In Waltham For $1.2M
SOLDMultiFamily

Benjamin Herman's Valender Properties Acquires Multifamily Property In Waltham For $1.2M

177 Chestnut Street, Waltham, Massachusetts 02453, United States

$1,200,000

$296/SF

Building Size

4,049 SF

Asset Type

MultiFamily

Closing

Dec 10, 2021

AI

177 Chestnut St, Waltham, MA, a multifamily property, was recently sold for $1,200,000. The transaction took place on 12/10/2021. The property spans 4,049 square feet, resulting in a price per square foot of $296.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 177 Chestnut St, Waltham, MA
  • Market: Waltham, MA

The buyer was represented by Benjamin Herman from Valender Properties, while Darryl Ricci from Vanguard Properties served as the seller's representative.

Players

Benjamin Herman

Valender Properties

Broker

$2.2M

vol

2 deals

Broker

Waltham 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93