Chi Zhang Acquires Condo On Glen Avenue In Newton, MA For $1.25M
SOLD
$1,255,000
Massachusetts
See Similar DealsCondo2,121 SF
Sold 04/27/2023
SOLD
Chi Zhang Acquires Condo On Glen Avenue In Newton, MA For $1.25M
51 Glen Ave, Newton, MA 02459
See Similar DealsCondo2,121 SF
Sold 04/27/2023
Summary
MASSACHUSETTS
Asset Type:Condo
Price Per Square Foot:$591
Total Square Footage:2,121 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,458.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,949.34
Annual Debt Service$71,392.08
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