facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

31 Quimby Street

Ryan Richards Of Cali Realty Group Represents Buyer In $1.03M Watertown Multifamily Sale
SOLDMultiFamily

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:

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

Martha Sotiropoulos

Chinatti Realty

Broker

$1M

vol

1 deal

Broker

Watertown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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