Updated Dec 4, 2024
Cameron Real Estate Group Acquires Wellesley Multifamily For $1.21M
62-64 Prospect Street
$1,210,000
$378/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Oct 11, 2023
About this deal
AI
A multifamily property located at 62-64 Prospect Street in Wellesley, Massachusetts, has been sold for $1,210,000. The property spans 3,200 square feet with a price per square foot of $378.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $1,210,000
- Address: 62-64 Prospect Street
- Market: Wellesley, MA
The buyer's representative for this sale was George Leblanc from Cameron Real Estate Group. Representing the seller was Robert Marcus from Robert Marcus Real Estate Co.
The transaction was facilitated by George Leblanc representing the buyer and Robert Marcus representing the seller.
Players
Wellesley Hills 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93