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81 Alder Street

Krishan Jhalani Acquires Multifamily Property From Sanjeev Jain In Waltham For $3 Million
SOLDMultiFamily

Krishan Jhalani Acquires Multifamily Property From Sanjeev Jain In Waltham For $3 Million

81 Alder Street

$3,000,000

$450/SF

Building Size

6,665 SF

Asset Type

MultiFamily

Closing

May 5, 2026

AI

The asset involved in this transaction is a multifamily property located at 81 Alder Street in Waltham, MA. The sale price of the property was $3,000,000, encompassing a total of 4 units. The building has a square footage of 6,665, resulting in a price per unit of $750,000 and a price per square foot of $450.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 4
  • Square Footage: 6,665
  • Price Per Unit: $750,000
  • Price Per Square Foot: $450
  • Buyer: Krishan Jhalani
  • Seller: Sanjeev Jain
  • Seller's Representative: Dennis Kelleher, John Pentore & Spencer Norton - Horvath & Tremblay

The deal involved Krishan Jhalani as the buyer, while Sanjeev Jain was the seller of the property. The seller was represented by Dennis Kelleher, John Pentore, and Spencer Norton from Horvath & Tremblay during the transaction.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$565M

vol

97 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93