Longwood Residential & Horvath & Tremblay Facilitates Sale Of Multifamily Property In Waltham For $1.7M
240 Crescent Street
$1,700,000
$425/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Feb 13, 2024
AI
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.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93