Ryan Richards Of Cali Realty Group Represents Buyer In $1.03M Watertown Multifamily Sale
31 Quimby Street & 33 Quimby Street
$1,030,000
$257/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Jul 22, 2024
AI
A two-family home located at 31-33 Quimby Street in Watertown, MA, was sold for $1,030,000. The asset encompasses a total of 2,000 square feet, distributed across two units with six bedrooms and two bathrooms. The price per unit stands at $515,000, while the price per square foot is also $515. The property was owned by the same family for 50 years and features updated units with hardwood floors and modern kitchen finishes, along with a small yard in a convenient area near Belmont and Cambridge.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Units: 2
- Square Footage: 2,000
- Price per Unit: $515,000
- Price per Square Foot: $515
- Buyer's Representative: Ryan Richards - Cali Realty Group
- Seller's Representative: Martha Sotiropoulos - Chinatti Realty
The transaction involved key representatives in the real estate sector. Ryan Richards represented the buyer through Cali Realty Group, while the seller was represented by Martha Sotiropoulos from Chinatti Realty. Their roles were crucial in facilitating this comprehensive real estate deal.
Players
Watertown 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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93