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240 Crescent Street

Longwood Residential & Horvath & Tremblay Facilitates Sale Of Multifamily Property In Waltham For $1.7M
SOLDMultiFamily

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

Dennis Kelleher

Horvath & Tremblay

Broker

$558.5M

vol

95 deals

Broker

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