Realty Executives Acquires Multifamily Property On Laurel Street In Watertown For $929,000
55 Laurel Street
$799,000
$374/SF
Building Size
2,132 SF
Asset Type
MultiFamily
Closing
Feb 28, 2023
AI
The multifamily property located at 55 Laurel Street in Watertown, MA has been sold in a closed transaction. This property consists of 2 units with a total square footage of 2,132. The asking price for the property was $799,000 and it was sold for $929,000. This translates to a price per unit of $464,500 and a price per square foot of $436.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $929,000
- Units: 2
- Price per Unit: $464,500
- Square Footage: 2,132
- Price per Square Foot: $436
Dan Loprete from Realty Executives represented the buyer in this transaction. The buyer's representative played a key role in securing the sale of this property.
Players
Market 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
19.85%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93