Updated Dec 4, 2024
Watertown Multifamily Sold For $1.1M With Patrick Hermans Of J. Borstell Real Estate
5 Fairview Avenue
$1,149,000
$504/SF
Building Size
2,278 SF
Asset Type
MultiFamily
Closing
Oct 13, 2023
About this deal
AI
A multifamily property located at 5 Fairview Avenue in Watertown, MA has been sold for a total price of $1,149,000. The transaction was facilitated by Patrick Hermans of J. Borstell Real Estate, Inc. This property offers a total square footage of 2,278, resulting in a price per square foot of $504.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,149,000
- Address: 5 Fairview Avenue, Watertown, MA
- Market: Watertown, MA
- Broker: Patrick Hermans - J. Borstell Real Estate, Inc.
- Square Footage: 2,278
- Price per Square Foot: $504
This successful transaction involved Patrick Hermans of J. Borstell Real Estate, Inc. as the broker. The property at 5 Fairview Avenue in Watertown, MA has now changed ownership for a total price of $1,149,000, showcasing the promising real estate market in this area.
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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
13.81%
Cash-on-Cash
-3.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93