Erik & Meridee Olsen Acquire Multifamily Property In Watertown, MA For $1.6M
92 Barnard Avenue, Watertown, Massachusetts 02472, United States
$1,600,000
$385/SF
Building Size
4,146 SF
Asset Type
MultiFamily
Closing
Jun 8, 2022
AI
The multifamily property located at 92 Barnard Ave in Watertown, MA was recently sold for a total price of $1,600,000. The transaction took place on 06/09/2022. The property consists of two units, with a price per unit of $800,000. The total square footage of the property is 4,146, resulting in a price per square foot of $386.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 2
- Price per Unit: $800,000
- Square Footage: 4,146
- Price per Square Foot: $386
The buyer of the property was Erik & Meridee Olsen, while Phillip Christo served as the seller. The deal was facilitated by the brokerage team consisting of Dan Loprete and Ari Koufos from Realty Executives.
Players
Watertown 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93