Updated Feb 16, 2024
Greystone Refinances Multifamily Property In Watertown For $1.5M
232 West Main Street, Watertown, New York 13601, United States
$1,485,000
$56/SF
Building Size
26,136 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
About this deal
AI
A multifamily property located at 232 West Main Street in Watertown has been involved in a recent closed transaction. The property spans 26,136 square feet and consists of 43 units, making it an attractive investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,485,000
- Address: 232 West Main Street
- Market: Watertown
- Square Footage: 26,136
- Number of Units: 43
The loan for this transaction was provided by greystone''>Greystone. Tyler Weese is the landlord of this property, representing the seller or previous owner. Megan Krache from 11 Capital Finance acted as the broker in this deal, representing either the buyer or the borrower.
The loan type for this transaction was a refinance, with a fixed term of 5 years.
Watertown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.68%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93