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21 Walnut Street, Watertown...

Updated Sep 9, 2024

Martin Property Management Sells Watertown Multifamily For $1.85M With Buyer's Rep Peter Boyajian & Paul Moreton
SOLDMultiFamily

Martin Property Management Sells Watertown Multifamily For $1.85M With Buyer's Rep Peter Boyajian & Paul Moreton

21 Walnut Street, Watertown, Massachusetts 02472, United States

$1,850,000

$391/SF

Building Size

4,723 SF

Asset Type

MultiFamily

Closing

May 30, 2022

About this deal

AI

The multifamily property located at 21 Walnut St in Watertown, MA recently sold for a price of $1,850,000. The property spans a total of 4,723 square feet, resulting in a price per square foot of $392. This transaction was facilitated by Peter Boyajian and Paul Moreton from Real Estate 109, representing the buyer, and Scott Martin from Martin Property Management, representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,850,000
  • Square Footage: 4,723
  • Price Per Square Foot: $392
  • Address: 21 Walnut St, Watertown, MA
  • Market: Watertown, MA

Peter Boyajian and Paul Moreton from Real Estate 109 served as the buyer's representatives in this transaction. Their expertise and negotiation skills played a crucial role in securing the deal for their client. On the other side, Scott Martin of Martin Property Management represented the seller and ensured a smooth transaction process.

Players

Peter Boyajian

Broker

$3.3M

vol

2 deals

Broker

Watertown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $391 per square foot on a published $1.9M for 4,723 square feet (2022).

Visit Paul Moreton to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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