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208-210 Weston Street

Paul Morreale Of Gelineau & Associates R.E. Represents Buyer In Sale Of Waltham Multifamily For $1.365M
SOLDMultiFamily

Paul Morreale Of Gelineau & Associates R.E. Represents Buyer In Sale Of Waltham Multifamily For $1.365M

208-210 Weston Street

$1,365,000

$395/SF

Building Size

3,456 SF

Asset Type

MultiFamily

Closing

Aug 30, 2024

AI

A four-family property located at 208-210 Weston Street in Waltham, MA has been sold for $1,365,000. The total square footage of the property is 3,456, resulting in a price per square foot of $395. The building includes three units that are occupied by tenants who are paying below-market rent. Each unit features four spacious rooms, hardwood floors, separate heating systems, and has undergone updates with a roof replacement in 2009 and new windows in 2011.

Summary of transaction details:

The transaction involved Paul Morreale representing the buyer from Gelineau & Associates R.E. and Roberta Landau representing the seller from Coldwell Banker. This deal highlights the collaborative efforts of both real estate agencies in facilitating the sale.

Players

Roberta Landau

Coldwell Banker

Broker

$1.4M

vol

1 deal

Broker

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

11.62%

Cash-on-Cash

-3.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93