Waterton Acquires Multifamily Property In Randolph, MA For $130.3M
SOLD
$130,300,000
Massachusetts
See Similar DealsMultiFamily1,069 SF
Sold 11/12/2020
SOLD
Waterton Acquires Multifamily Property In Randolph, MA For $130.3M
2 Chestnut W, Randolph, MA 02368, USA
See Similar DealsMultiFamily1,069 SF
Sold 11/12/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$121,889
Total Square Footage:1,069 SF
Transaction Type:Sale
The multifamily property located at 2 Chestnut West in Randolph, MA has been sold. The transaction took place on November 12, 2020, with LivCor acting as the seller and Waterton - David Schwartz as the buyer. The sale price for the property was $130,300,000, and it consists of 503 units. The price per unit (PPU) is approximately $259,046.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $130,300,000
- Address: 2 Chestnut West, Randolph, MA
- Market: Randolph, MA
- Units: 503
- Price per Unit (PPU): $259,046
David Schwartz, representing Waterton, was the buyer's broker in this deal. The transaction marks a significant investment in Randolph's multifamily market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,949,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$462,928.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$617,688.48
Annual Debt Service$7,412,261.71
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