Updated Oct 29, 2024
Red Tree Real Estate Acquires Multifamily Property In Waltham, MA For $775K
73 Lexington St, Waltham, MA 02452, USA
$775,000
$213/SF
Building Size
3,626 SF
Asset Type
MultiFamily
Closing
Oct 21, 2022
About this deal
AI
The multifamily property located at 73 Lexington Street in Waltham, MA has been sold for a price of $775,000. The property consists of 2 units, with a price per unit of $387,500. The total square footage of the property is 3,626, resulting in a price per square foot of $214.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $775,000
- Address: 73 Lexington Street, Waltham, MA
- Units: 2
- Price per Unit: $387,500
- Total Square Footage: 3,626
- Price per Square Foot: $214
Gelineau & Associates, R.E., represented by Paul C. Morreale, served as the seller of the property. The buyer was represented by Red Tree Real Estate, with Brandon Muroff acting as their representative in the deal.
Players
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
20.47%
Cash-on-Cash
-5.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93