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78 Dexter Avenue

Houri Artinian Sells Watertown Multifamily For $1.115M With Broker Anthony Coppola
SOLDMultiFamily

Houri Artinian Sells Watertown Multifamily For $1.115M With Broker Anthony Coppola

78 Dexter Avenue

$1,115,000

$348/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Dec 12, 2023

AI

A multifamily property located at 78 Dexter Avenue in Watertown, MA has been sold in a recent transaction. The property consists of 3 units and spans across 3,200 square feet. The sale price for this transaction was $1,115,000, making the price per unit $371,667. With a price per square foot of $348, this property offers a solid investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,115,000
  • Address: 78 Dexter Avenue, Watertown, MA
  • Market: Watertown, MA
  • Units: 3
  • Price per Unit: $371,667
  • Square Footage: 3,200
  • Price per Square Foot: $348

The seller of the property was Houri Artinian. Representing the seller in this transaction was broker Anthony Coppola from Coldwell Banker. Anthony Coppola played an instrumental role in facilitating this deal and ensuring a successful outcome for both parties involved.

Players

Anthony Coppola

Coldwell Banker

Broker

$28.4M

vol

20 deals

Broker

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

14.23%

Cash-on-Cash

-4.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93