Updated Dec 4, 2024
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
Needham 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
10.15%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93