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Watertown Multifamily Property Sold For $1.25M With Buyer's Rep Mimy Wang & Seller's Rep Kimberly LaCivita

Property Image
SOLD
$1,251,000
Kimberly (Kim) LaCivita
Mimy Wang

Massachusetts

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MultiFamily5,544 SF
Sold 09/18/2023
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Property Image
SOLD

Watertown Multifamily Property Sold For $1.25M With Buyer's Rep Mimy Wang & Seller's Rep Kimberly LaCivita

26 Berkeley Street & 28 Berkeley Street

See Similar Deals
MultiFamily5,544 SF
Sold 09/18/2023
Kimberly (Kim) LaCivita
Mimy Wang
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:5,544 SF
Transaction Type:Sale

A multifamily property located at 26-28 Berkeley Street in Watertown, Massachusetts, was recently sold for a total price of $1,251,000. The property spans a total of 2,772 square feet and was sold at a price of $451 per square foot.

Summary of transaction details

The transaction was facilitated by Mimy Wang of MW Real Estate LLC as the buyer's representative and Kimberly LaCivita of Pleasant View Real Estate as the seller's representative. These individuals played key roles in the successful completion of the deal.

Players

Kimberly (Kim) LaCivita
Pleasant View Real Estate
Kimberly LaCivita
1 deal$1.3M volume(508) 567-8085
BROKER
Mimy Wang
Mimy Wang
1 deal$1.3M volume(617) 202-1377
BROKER

Details

SOLD
IMAGE: Mimy Wang & Kimberly LaCivita DATE: 09/18/2023 ADDRESS: 26-28 Berkeley Street MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER'S REP: Mimy Wang - Mw Real Estate Llc SELLER'S REP: Kimberly LaCivita - Pleasant View Real Estate (@PleasantViewRealEstate) SALE PRICE: $1,251,000 SF: 2,772 ~ PPSF: $451 NOTE: A multifamily property at 26-28 Berkeley Street in Watertown, Massachusetts, was sold for $1,251,000. The transaction was handled by buyer's representative Mimy Wang of MW Real Estate LLC and seller's representative Kimberly LaCivita of Pleasant View Real Estate, with the property encompassing 2,772 square feet at a price of $451 per square foot.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,720.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,444.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,930.38
Annual Debt Service$71,164.54