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99-101 Lexington St, Watert...

Updated Dec 20, 2023

Mike DelRose Real Estate Team Acquires Multifamily Property On Lexington St For $1.14M
SOLDMultiFamily

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

Re/Max
Re/MaxBrokerage

Watertown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $405 per square foot on a published $1.1M for 2,801 square feet (2021).

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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

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