Peter Bronk Purchases Multifamily Asset From Leblanc Family In Waltham For $4.3M
84 92 Myrtle Street
$4,300,000
$390/SF
Building Size
11,009 SF
Asset Type
MultiFamily
Closing
Dec 20, 2024
AI
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.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93