Mei Chet Acquires Multifamily Property In Watertown For $1.05M
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily2,352 SF
Sold 07/08/2020
SOLD
Mei Chet Acquires Multifamily Property In Watertown For $1.05M
80-82 Sparkill Street, Watertown, MA, USA
See Similar DealsMultiFamily2,352 SF
Sold 07/08/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$446
Total Square Footage:2,352 SF
Transaction Type:Sale
Located at 80-82 Sparkill St in Watertown, MA, this multifamily property was recently sold at a price of $1,050,000. The property spans 2,352 square feet, resulting in a price per square foot (PPSF) of $446.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 80-82 Sparkill St, Watertown, MA
- Market: Watertown, MA
The seller's representative for this transaction was Caroline Oleary from the Real Estate Office of David A. Miller. The buyer's representative, on the other hand, was Mei Chet from East West Real Estate, LLC.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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