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8 Purvis Street

Updated Dec 4, 2024

Suzanna Krmzian Of Lamacchia Realty Represents Buyer In $1.1M Watertown Multifamily Sale
SOLDMultiFamily

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

Suzanna Krmzian

Lamacchia Realty

Broker

$2.4M

vol

2 deals

Broker

Watertown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $281 per square foot on a published $1.1M for 3,912 square feet (2024).

Visit Suzanna Krmzian to view all their deals.

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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

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