Engel & Volkers Represents Sale Of Condo In Newton, MA For $620K
514 Lowell Avenue, Newton, Massachusetts, USA
$620,000
$601/SF
Building Size
1,030 SF
Asset Type
—
Closing
Aug 6, 2020
AI
A condo located at 514 Lowell Ave in Newton, MA has been sold in a recent transaction. The property, measuring 1,030 square feet, was listed with an asking price of $599,000. It was ultimately sold for $620,000, resulting in a price per square foot of $602.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $620,000
- Date: 08/06/2021
- Address: 514 Lowell Ave, Newton, MA
- Market: Newton, MA
- Asking Price: $599,000
- Square Footage: 1,030
- BROKER: Ali Choucri & Raz Panossian - East Group Real Estate - Engel & Volkers
The sale of this condo was facilitated by Ali Choucri and Raz Panossian of East Group Real Estate, representing Engel & Volkers. These experienced brokers played a crucial role in the successful transaction.
Players
Newton CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
25.59%
Cash-on-Cash
-7.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93