Martin Property Management Sells Watertown Multifamily For $1.85M With Buyer's Rep Peter Boyajian & Paul Moreton
SOLD
$1,850,000
Massachusetts
See Similar DealsMultiFamily4,723 SF
Sold 05/31/2022
SOLD
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
See Similar DealsMultiFamily4,723 SF
Sold 05/31/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:4,723 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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