Updated Dec 4, 2024
Suzanna Krmzian Of Lamacchia Realty Represents Buyer In $1.1M Watertown Multifamily Sale
8 Purvis Street
$1,100,000
$281/SF
Building Size
3,912 SF
Asset Type
MultiFamily
Closing
Jul 15, 2024
About this deal
AI
A classic two-family home located at 8 Purvis Street in Watertown, MA, was sold for $1,100,000. The property consists of 2 units, offering a total of 3,912 square feet of living space. The purchase price per unit was $550,000, and the price per square foot was $281. It includes 6 bedrooms, 2 baths, and a detached 2-car garage.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Square Feet: 3,912
- Price Per Unit: $550,000
- Price Per Square Foot: $281
- Buyer's Representative: Suzanna Krmzian - Lamacchia Realty
- Seller's Representative: O'Connor & Highland - Keller Williams Boston-Metro
This transaction involved key representatives from the real estate sector, with Suzanna Krmzian representing the buyer and O'Connor & Highland acting as the seller's representative. The property is situated conveniently near Watertown Square, Route 90, and local amenities, adding to its appeal in the Watertown market.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93