Updated Dec 4, 2024
Watertown Multifamily Property Sold For $1.2M With Buyer's Rep Xiyuan Li & Seller's Rep Brad And Darleen Pratt
38 Marshall Street
$1,200,000
$422/SF
Building Size
2,838 SF
Asset Type
MultiFamily
Closing
Aug 28, 2023
About this deal
AI
A multifamily property located at 38 Marshall Street in Watertown, Massachusetts, was sold for $1.2 million, with a price per square foot of $423. The property spans an area of 2,838 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 38 Marshall Street
- Market: Watertown, MA
The buyer's representative in the transaction was Xiyuan Li from Hooli Homes Boston Inc. On the other hand, the seller's representatives were Brad Pratt and Darleen Pratt from RE/MAX On the Charles.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93