Jackson Wells Acquires Multifamily Asset At 7 Oliver Road Watertown For $1M With Harvard Real Estate As Buyer's Rep
7 Oliver Road
$1,000,000
$454/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Aug 7, 2025
AI
The property asset involved in this transaction is a multifamily building located at 7 Oliver Road in Watertown, MA. The sale price for this asset was $1,000,000, encompassing 2 units within a total area of 2,200 square feet, resulting in a price per unit of $500,000 and a price per square foot of $454.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 2
- Price per Unit: $500,000
- Square Footage: 2,200
- Price per Square Foot: $454
- Buyer: Jackson Wells
- Seller: Rajeev Pattni
- Buyer's Representative: Jackson Wells - Harvard Real Estate
The deal involves key individuals such as the buyer Jackson Wells and the seller Rajeev Pattni, with Jackson Wells also representing himself through Harvard Real Estate. This transaction highlights the engagement of Jackson Wells as both the buyer and representative in this multifamily property deal.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93