Updated Dec 20, 2023
Mike DelRose Real Estate Team Acquires Multifamily Property On Lexington St For $1.14M
99-101 Lexington St, Watertown, Massachusetts, USA
$1,135,000
$405/SF
Building Size
2,801 SF
Asset Type
MultiFamily
Closing
Oct 4, 2021
About this deal
AI
A multifamily property located at 99-101 Lexington St in Watertown, MA was recently sold for a total price of $1,135,000. The property spans a total area of 2,801 square feet, resulting in a price per square foot of $405. The sale was facilitated by Mike DelRose Real Estate Team from RE/MAX Revolution, representing the buyer, and Panepinto Realty Group from RE/MAX Distinct Advantage, representing the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Address: 99-101 Lexington St, Watertown, MA
- Market: Watertown, MA
- Buyer's Representative: Mike DelRose Real Estate Team - RE/MAX Revolution
- Seller's Representative: Panepinto Realty Group - RE/MAX Distinct Advantage
- Square Footage: 2,801
- Price per Square Foot: $405
The involvement of Mike DelRose Real Estate Team from RE/MAX Revolution and Panepinto Realty Group from RE/MAX Distinct Advantage played crucial roles in orchestrating the successful sale of this multifamily property. Both buyer and seller representatives worked diligently to ensure the transaction met the expectations and needs of their respective clients.
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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93