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514 Lowell Avenue, Newton, ...

Engel & Volkers Represents Sale Of Condo In Newton, MA For $620K
SOLD

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

Ali Choucri

Broker

$6M

vol

5 deals

Broker

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