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181 School St

Multifamily Property In Waltham, MA Sold For $2.5M By Glenna Gelineau & Nicole Shanley
SOLDMultiFamily

Multifamily Property In Waltham, MA Sold For $2.5M By Glenna Gelineau & Nicole Shanley

181 School St

$2,500,000

$513/SF

Building Size

4,868 SF

Asset Type

MultiFamily

Closing

Apr 7, 2023

AI

A multifamily property located at 181 School St in Waltham, Massachusetts has been sold for $2.5 million. The property offers 4,868 square feet of space, resulting in a price per square foot of $514. The sale of this asset marks a significant transaction in the multifamily market in Waltham, MA.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Address: 181 School St
  • Market: Waltham, MA

The sale of this multifamily property was facilitated by Glenna Gelineau and Nicole Shanley from Gelineau & Associates R.E. These brokers played a crucial role in ensuring a successful transaction between the buyer and seller. Their expertise and experience in the Waltham market made them the ideal representatives for this deal.

Players

Glenna Gelineau

Broker

$16.5M

vol

9 deals

Broker

Brisbane MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93