Updated Oct 28, 2024
60 Austin Street LLC Acquires Mixed-use Property In Newton, MA For $7M
46 Austin St, Newton, Massachusetts 02460, United States
$7,000,000
$228/SF
Building Size
30,704 SF
Asset Type
Mixed-use
Closing
Dec 17, 2021
About this deal
AI
The mixed-use property located at 46-48 Austin St, 60 Austin St, and 66-68 Austin St in Newton, MA has been sold in a recent transaction. The sale was completed on 12/17/2021.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $7,000,000
- Square Footage: 30,704
- Price per Square Foot: $228
- Market: Newton, MA
The buyer of the property is 60 Austin Street LLC, while the seller is L & B Realty Trust. The buyer was represented by Steve Moskowitz from Heritage Corp, and the seller was represented by Thomas Blakely from TRB Realty.
The transaction involved Thomas Blakely from TRB Realty as the seller’s representative and Steve Moskowitz from Heritage Corp as the buyer’s representative. These individuals played crucial roles in facilitating the deal.
Players
Newton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93