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Gen X Realty Acquires Multifamily Property In Newton, MA For $1.52M

Property Image
SOLD
$1,520,000

Massachusetts

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MultiFamily3,866 SF
Sold 12/13/2021
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Property Image
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 Deals
MultiFamily3,866 SF
Sold 12/13/2021
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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.

Players

Valerie Wastcoat
1 deal$1.5M volume
BROKER

Derek Chang
2 deals$1.5M volume
BROKER

Details

SOLD
IMAGE: Valerie Wastcoat DATE: 12/13/2021 ADDRESS: 105 Waban Hill Rd MARKET: Newton, MA ASSET TYPE: Multifamily BUYER'S REP: Derek Chang - Gen X Realty SELLER'S REP: Valerie Wastcoat - Coldwell Banker Realty - Newton SALE PRICE: $1,520,000 SF: 3,866 ~ PPSF: $393

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,400.23
Cash-on-Cash Return-1.27%
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