Gabriel Eichler Acquires Multifamily Property In Waltham, MA For $2.9M
57 Adams Street, Waltham, Massachusetts 02453, United States
$2,900,000
$426/SF
Building Size
6,800 SF
Asset Type
MultiFamily
Closing
Oct 3, 2022
AI
Four new construction townhouses located at 57 Adams St in Waltham, MA have been sold as a package for a total sale price of $2,900,000. The buyer, Gabriel Eichler, acquired the multifamily property from the seller, Vesuvius Development. The transaction was facilitated by the brokers involved, Ryan Taylor and Brayden Haney from Fortune Realty, and Anthony Coppola from Coldwell Banker.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 57 Adams St, Waltham, MA
- Market: Waltham, MA
- Buyer: Gabriel Eichler
- Seller: Vesuvius Development
- Brokers: Ryan Taylor & Brayden Haney - Fortune Realty, Anthony Coppola - Coldwell Banker
The four townhouses have a total square footage of 6,800, resulting in a price per square foot of $426. Each unit was sold at an average price of $725,000.
Players
Waltham 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93