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117-119 River Street

Mathew J. Arruda & Bruce Kirkcaldy Facilitate $1.25M Sale Of Multifamily In Newton, MA
SOLDMultiFamily

Mathew J. Arruda & Bruce Kirkcaldy Facilitate $1.25M Sale Of Multifamily In Newton, MA

117-119 River Street

$1,255,000

$541/SF

Building Size

2,318 SF

Asset Type

MultiFamily

Closing

Apr 26, 2024

AI

117-119 River St in Newton, MA sold for $1,255,000. This renovated two-family home near West Newton Square features upgraded kitchens, pristine baths, and gleaming hardwood floors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,255,000
  • Address: 117-119 River Street
  • Market: Newton, MA
  • Units: 2
  • Price per Unit: $627,500
  • Square Footage: 2,318
  • Price per Square Foot: $541
  • Buyer's Rep: Mathew J. Arruda - Compass
  • Seller's Rep: Bruce Kirkcaldy - Coldwell Banker

This transaction was facilitated with Mathew J. Arruda from Compass representing the buyer and Bruce Kirkcaldy from Coldwell Banker representing the seller.

Players

Mathew J. Arruda

Compass

Broker

$2.7M

vol

2 deals

Broker

West Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.64%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93