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:
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Location: 208-210 Weston Street, Waltham, MA
- Square Footage: 3,456
- Price per Square Foot: $395
- Buyer's Representative: Paul Morreale - Gelineau & Associates R.E.
- Seller's Representative: Roberta Landau - Coldwell Banker
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
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