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

Property Image
SOLD
$2,500,000
Glenna Gelineau
Nicole Shanley

Massachusetts

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MultiFamily4,868 SF
Sold 04/07/2023
the dealplayerscompscontact
Property Image
SOLD

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

181 School St

See Similar Deals
MultiFamily4,868 SF
Sold 04/07/2023
Glenna Gelineau
Nicole Shanley
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$513
Total Square Footage:4,868 SF
Transaction Type:Sale

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
Glenna Gelineau
9 deals$16.5M volume
BROKER
Nicole Shanley
Gelineau & Associates R.E.
Nicole Shanley
1 deal$2.5M volume
BROKER

Details

SOLD
IMAGE: Glenna Gelineau & Nicole Shanley DATE: 04/07/2023 ADDRESS: 181 School St MARKET: Waltham, MA ASSET TYPE: Multifamily BROKERS: Glenna Gelineau & Nicole Shanley - Gelineau & Associates R.E. SALE PRICE: $2,500,000 SF: 4,868 ~ PPSF: $514 NOTE: A multifamily property located at 181 School St in Waltham, Massachusetts was sold for $2.5 million. The property has 4,868 square feet of space, resulting in a price per square foot of $514.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
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