Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,600,000
$385/SF
MultiFamily
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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