Updated Sep 9, 2024
JnC Real Estate LLC Acquires Multifamily Property In Watertown, MA For $1.21M
20 Wells Avenue
$1,210,000
$386/SF
Building Size
3,135 SF
Asset Type
MultiFamily
Closing
Aug 16, 2023
About this deal
AI
A multifamily property located at 20 Wells Avenue in Watertown, MA, has been sold for $1,210,000. The property spans 3,135 square feet and has a price per square foot (PPSF) of $386.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Square Footage: 3,135
- Address: 20 Wells Avenue, Watertown, MA
- Market: Watertown, MA
The transaction was facilitated by Mahnaz Zeinali representing the buyer, JnC Real Estate LLC, and Claire Kotzampaltiris representing the seller, Maloney Properties, Inc.
The multifamily sale at 20 Wells Avenue in Watertown, Massachusetts sold for $1.2M in 2023. The building is 3,135 square feet, implying about 386 per square foot on the published price. Mahnaz Zeinali, Claire Kotzampaltiris, Maloney Properties appear on the sale alongside Maloney Properties. This page is the Watertown, Massachusetts file for the 20 Wells Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Watertown sit in the Market section below. Filter that Watertown multifamily set by closing date to see what else sold near 20 Wells Avenue around 2023. Published consideration for 20 Wells Avenue is $1.2M, dated 2023. Cite this JnC Real Estate LLC Acquires Multifamily Property In Watertown, MA For $1.21M sale when underwriting similar multifamily product around Watertown, Massachusetts.
Players
Watertown 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93