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
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.
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