facebook
Traded Co logo
Submit

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

Property Image
SOLD
$799,000

Massachusetts

See Similar Deals
MultiFamily2,132 SF
Sold 02/28/2023
the dealplayerscompscontact
Property Image
SOLD

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

55 Laurel Street

See Similar Deals
MultiFamily2,132 SF
Sold 02/28/2023
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:2,132 SF
Transaction Type:Sale

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
Dan Loprete
16 deals$14.7M volume
BROKER

Details

SOLD
IMAGE: Dan Loprete DATE: 02/28/2023 ADDRESS: 55 Laurel Street MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER'S REP: Dan Loprete (@DLoprete8) - Realty Executives (@RealtyExecutivesIntl) ASKING PRICE: $799,000 SALE PRICE: $929,000 UNITS: 2 ~ PPU: $464,500 SF: 2,132 ~ PPSF: $436

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$42,613.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,838.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,787.67
Annual Debt Service$45,452.01