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659 South Street, Waltham, ...

Schwartz Realty Acquires Multifamily Property In Waltham, MA For $2.05M
SOLDMultiFamily

Schwartz Realty Acquires Multifamily Property In Waltham, MA For $2.05M

659 South Street, Waltham, Massachusetts 02453, United States

$2,050,000

$483/SF

Building Size

4,244 SF

Asset Type

MultiFamily

Closing

Mar 6, 2022

AI

A multifamily property located at 659 South St in Waltham, MA has been sold for a total of $2,050,000. The property consists of 4 units with a total square footage of 4,244. This equates to a price per unit of $512,500 and a price per square foot of $483. The sale was finalized on 03/07/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,050,000
  • Address: 659 South St, Waltham, MA
  • Units: 4
  • Price per Unit: $512,500
  • Square Footage: 4,244
  • Price per Square Foot: $483

Eileen Schwartz from Schwartz Realty represented the buyer in this transaction, while Christian Doherty from Doherty Properties represented the seller.

Players

Christian Doherty

Broker

$4.7M

vol

3 deals

Broker

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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93