Updated Dec 21, 2023
Horvath & Tremblay Represents Buyer In $1.5M Multifamily Sale At 318 Water St, Wakefield, MA
318 Water Street, Wakefield, Massachusetts 01880, United States
$1,500,000
$333/SF
Building Size
4,492 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
The multifamily property located at 318 Water St in Wakefield, MA has been sold for $1,500,000. The property spans a total of 4,492 square feet, resulting in a price per square foot of $334.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 318 Water St, Wakefield, MA
- Market: Wakefield, MA
Dennis Kelleher from Horvath & Tremblay represented the buyer as the buyer's representative in the transaction. Christopher Barrett from Christopher J. Barrett, Realtors acted as the seller's representative.
Players
Wakefield 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93