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
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