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728 Webster Street

Updated Dec 4, 2024

Multifamily Property In Needham, MA Sold For $1.56M With Buyer's Rep Linda Logan & Seller's Rep William Concannon
SOLDMultiFamily

Multifamily Property In Needham, MA Sold For $1.56M With Buyer's Rep Linda Logan & Seller's Rep William Concannon

728 Webster Street

$1,562,500

$320/SF

Building Size

4,881 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

About this deal

AI

A multifamily property located at 728 Webster Street in Needham, MA was recently sold for a total of $1.56 million. The property spans over 4,881 square feet, resulting in a price per square foot of $320.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,562,500
  • Address: 728 Webster Street, Needham, MA
  • Market: Needham, MA

The buyer in this transaction was represented by Linda Logan from Compass, while the seller was represented by William Concannon from Louise Condon Realty.

This successful sale highlights the demand for multifamily properties in Needham, MA. Both parties involved in the transaction secured a favorable outcome, thanks to the expertise and negotiation skills of Linda Logan and William Concannon.

Players

William Concannon

Louise Condon Realty

Broker

$2.7M

vol

2 deals

Broker

Needham MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $320 per square foot on a published $1.6M for 4,881 square feet (2023).

Visit William Concannon to view all their deals.

Browse Needham multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.15%

Cash-on-Cash

-2.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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