Peter Bronk Purchases Multifamily Asset From Leblanc Family In Waltham For $4.3M
SOLD
$4,300,000
Massachusetts
See Similar DealsMultiFamily11,009 SF
Sold 12/20/2024
SOLD
Peter Bronk Purchases Multifamily Asset From Leblanc Family In Waltham For $4.3M
84 92 Myrtle Street
See Similar DealsMultiFamily11,009 SF
Sold 12/20/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$390
Total Square Footage:11,009 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 84-92 Myrtle Street, Waltham, MA. The sale price is $4,300,000, with a total of 11 units and a square footage of 11,009. The price per unit (PPU) is calculated at $390,909, and the price per square foot (PPSF) stands at $390.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 11
- Square Footage: 11,009
- Price Per Unit: $390,909
- Price Per Square Foot: $390
- Buyer: Peter Bronk
- Seller: Leblanc Family
- Broker: Nick Jasinski - Berkadia
The transaction was facilitated by Nick Jasinski from Berkadia, representing the seller, Leblanc Family, while the buyer in this transaction is Peter Bronk. The closing date for the sale was December 20, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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