Updated Oct 29, 2024
GID Real Estate Investments Acquires Multifamily Property In Waltham, MA For $139M
20 Cooper Street, Waltham, MA, USA
$139,000,000
$837/SF
Building Size
165,986 SF
Asset Type
MultiFamily
Closing
Dec 6, 2020
About this deal
AI
A multifamily property located at 20 Cooper Street in Waltham, MA, was recently sold for a total price of $139,000,000. The property consists of 264 units, with an average price per unit (PPU) of $526,515. The sale was finalized on December 7, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $139,000,000
- Address: 20 Cooper Street, Waltham, MA
- Market: Waltham, MA
- Buyer: GID Real Estate Investments
GID Real Estate Investments was the buyer in this transaction. They acquired the property for a significant amount, reflecting the high demand and value of multifamily assets in Waltham, MA. This purchase adds to their growing portfolio in the area.
On the Map
$139,000,000
$837/SF
MultiFamily
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Players
Waltham 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93