Updated Oct 29, 2024
Waterton Acquires Multifamily Property In Randolph, MA For $130.3M
2 Chestnut W, Randolph, MA 02368, USA
$130,300,000
$121,889/SF
Building Size
1,069 SF
Asset Type
MultiFamily
Closing
Nov 11, 2020
About this deal
AI
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.
Players
Randolph 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93