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
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