241 W Newton Street LLC Acquires 9-Unit Multifamily In Boston From Bill Doyle For $4.06M
241 West Newton Street, Boston, Massachusetts 02116, United States
$4,060,000
$1,015/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
May 1, 2022
AI
A multifamily property located at 241 West Newton Street in Boston, MA has recently been sold for a total price of $4,060,000. The property consists of 9 units, with an average price per unit of $451,111. The total square footage of the property is approximately 4,000 square feet, resulting in a price per square foot of $1,015. The transaction took place on 05/02/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,060,000
- Address: 241 West Newton Street, Boston, MA
- Market: Boston, MA
- Buyer: 241 W Newton Street LLC
- Seller: Bill Doyle
- Brokers: Kevin Benzinger, Jason Weissman, Andrew Herald & Nick Herz - Boston Realty Advisors
The sale was facilitated by Kevin Benzinger, Jason Weissman, Andrew Herald, and Nick Herz from Boston Realty Advisors, who represented both the buyer and seller in the transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.91%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93