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Multifamily Property In Waltham, MA Sold For $3M With Gelineau & Associates R.E. As The Broker

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SOLD
$3,000,000

Massachusetts

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MultiFamily29,474 SF
Sold 09/15/2023
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Property Image
SOLD

Multifamily Property In Waltham, MA Sold For $3M With Gelineau & Associates R.E. As The Broker

51 Hall Street

See Similar Deals
MultiFamily29,474 SF
Sold 09/15/2023
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$101
Total Square Footage:29,474 SF
Transaction Type:Sale

A multifamily property located at 51 Hall Street in Waltham, Massachusetts, was sold for $3 million on September 15, 2023. The property spans a total square footage of 29,474 and was listed at a price per square foot of $102.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 51 Hall Street, Waltham, MA
  • Market: Waltham, MA
  • Broker: Glenna Gelineau of Gelineau & Associates R.E.

Glenna Gelineau of Gelineau & Associates R.E. served as the broker for this transaction.

Players

Glenna Gelineau
Glenna Gelineau
9 deals$16.5M volume
BROKER

Details

SOLD
IMAGE: Glenna Gelineau DATE: 09/15/2023 ADDRESS: 51 Hall Street MARKET: Waltham, MA ASSET TYPE: Multifamily BROKER: Glenna Gelineau - Gelineau & Associates R.E. (@Gelineau_Real_Estate) SALE PRICE: $3,000,000 SF: 29,474 ~ PPSF: $102 NOTE: On September 15, 2023, a multifamily property located at 51 Hall Street in Waltham, Massachusetts, was sold for $3 million. The property, with a total square footage of 29,474, was brokered by Glenna Gelineau of Gelineau & Associates R.E., at a price per square foot of $102.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37