Gen X Realty Acquires Multifamily Property In Newton, MA For $1.52M
SOLD
Massachusetts
See Similar DealsMultiFamily3,866 SF
Sold 12/13/2021
SOLD
Gen X Realty Acquires Multifamily Property In Newton, MA For $1.52M
105 Waban Hill Road, Chestnut Hill, Massachusetts 02467, United States
See Similar DealsMultiFamily3,866 SF
Sold 12/13/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:3,866 SF
Transaction Type:Sale
The multifamily property located at 105 Waban Hill Rd in Newton, MA has been sold for a price of $1,520,000. The property spans across 3,866 square feet, resulting in a price per square foot of $393. This transaction took place on December 13, 2021, and was facilitated by Valerie Wastcoat of Coldwell Banker Realty - Newton as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,520,000
- Address: 105 Waban Hill Rd, Newton, MA
- Square Footage: 3,866
- Price per Square Foot: $393
- Date: 12/13/2021
- Seller's Representative: Valerie Wastcoat - Coldwell Banker Realty - Newton
Derek Chang of Gen X Realty represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,400.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,205.58
Annual Debt Service$86,466.91
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