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92 Barnard Avenue, Watertow...

Erik & Meridee Olsen Acquire Multifamily Property In Watertown, MA For $1.6M
SOLDMultiFamily

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

Ari Koufos

Realty Executives

Broker

$16.2M

vol

13 deals

Broker

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