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Radhy Pena Facilitates $1.1M Sale Of Multifamily Property In Watertown
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily2,949 SF
Sold 02/28/2024
SOLD
Radhy Pena Facilitates $1.1M Sale Of Multifamily Property In Watertown
26 Cypress Street
See Similar DealsMultiFamily2,949 SF
Sold 02/28/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:2,949 SF
Transaction Type:Sale
The multifamily property located at 26 Cypress Street in Watertown, MA, was recently sold for $1,100,000. The property spans 2,949 square feet, resulting in a price per square foot of $373.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 26 Cypress Street
- Market: Watertown, MA
Pondside Realty's Radhy Pena played a crucial role as the broker in facilitating the sale of the multifamily property at 26 Cypress Street in Watertown, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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