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55 Laurel Street

Realty Executives Acquires Multifamily Property On Laurel Street In Watertown For $929,000
SOLDMultiFamily

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

Dan Loprete

Realty Executives

Broker

$14.7M

vol

16 deals

Broker

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