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7 Oliver Road

Jackson Wells Acquires Multifamily Asset At 7 Oliver Road Watertown For $1M With Harvard Real Estate As Buyer's Rep
SOLDMultiFamily

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

Jackson Wells

Harvard Real Estate

Broker

$30.4M

vol

24 deals

Broker
Jackson Wells

Jackson Wells

Buyer

$30.4M

vol

24 deals

Buyer
Harvard Real Estate
Harvard Real EstateSeller

Watertown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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