Updated Sep 9, 2024
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
Watertown 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93