Xavier Clair Of Advantage Real Estate Acquires Multifamily Property In Watertown For $1.105M As Buyer's Rep
58-60 Prentiss Street
$1,105,000
$435/SF
Building Size
2,538 SF
Asset Type
MultiFamily
Closing
Feb 28, 2024
AI
The multifamily property located at 58-60 Prentiss Street in Watertown, MA, was sold for $1,105,000. Spanning 2,538 square feet, the property was transacted at a price of $435 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,105,000
- Address: 58-60 Prentiss Street
- Market: Watertown, MA
Xavier Clair from Advantage Real Estate represented the buyer in this transaction, while Amleto Martocchia from Martocchia Realtors served as the seller's representative.
Players
Watertown 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
14.36%
Cash-on-Cash
-4.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93