Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,365,000
$395/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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93