Updated Sep 9, 2024
Sotheby's International Realty Sells Multifamily Property On Walnut St In Newton, MA For $2.5M
1149-1151 Walnut St
$2,505,000
$900/SF
Building Size
2,783 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
About this deal
AI
The multifamily property located at 1149-1151 Walnut St in Newton, MA has been sold for a total price of $2,505,000. The transaction took place on March 31, 2023, and was facilitated by the brokers Enrique Darer and Joseph Marini of Sotheby's International Realty. The property spans a total area of 27,833 square feet, resulting in a price per square foot of $90.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,505,000
- Address: 1149-1151 Walnut St, Newton, MA
- Market: Newton, MA
- Brokers: Enrique Darer & Joseph Marini - Sotheby's International Realty
- Square Footage: 27,833
- Price per Square Foot: $90
Enrique Darer and Joseph Marini, representing Sotheby's International Realty, played a pivotal role in the successful completion of this transaction. Their expertise and professionalism ensured a smooth sale process for both the buyer and the seller.
Players
Newton 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
6.33%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93