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Longwood Residential & Horvath & Tremblay Facilitates Sale Of Multifamily Property In Waltham For $1.7M
SOLD
Massachusetts
See Similar DealsMultiFamily4,000 SF
Sold 02/13/2024
SOLD
Longwood Residential & Horvath & Tremblay Facilitates Sale Of Multifamily Property In Waltham For $1.7M
240 Crescent Street
See Similar DealsMultiFamily4,000 SF
Sold 02/13/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$425
Total Square Footage:4,000 SF
Transaction Type:Sale
In Waltham, Massachusetts, a multifamily property located at 240 Crescent Street has been sold for $1.7 million. The property spans 4,000 square feet, resulting in a price per square foot of $425.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 240 Crescent Street
- Market: Waltham, MA
Longwood Residential, represented by Ron Ifrah, acted as the buyer's representative in the transaction. On the seller's side, Horvath & Tremblay, represented by Dennis Kelleher, facilitated the sale of the property at 240 Crescent Street.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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