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
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