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51 Glen Ave, Newton, MA 02459

Chi Zhang Acquires Condo On Glen Avenue In Newton, MA For $1.25M
SOLDCondo

Chi Zhang Acquires Condo On Glen Avenue In Newton, MA For $1.25M

51 Glen Ave, Newton, MA 02459

$1,255,000

$591/SF

Building Size

2,121 SF

Asset Type

Condo

Closing

Apr 27, 2023

AI

A condo located at 51 Glen Avenue in Newton, MA was recently sold for a price of $1,255,000. The property spans across 2,121 square feet, resulting in a price per square foot of $592. The transaction took place on April 27, 2023.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,255,000
  • Square Footage: 2,121
  • Price per Square Foot: $592
  • Address: 51 Glen Avenue, Newton, MA

The buyer of the condo was Chi Zhang, while Cody Shulman acted as the seller. The deal was facilitated by the brokers Brandon Muroff and Nicole Stabnikov, representing Red Tree Real Estate.

Players

Nicole Stabnikov

Red Tree Real Estate

Broker

$19M

vol

14 deals

Broker

Boston Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.64%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93