Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,255,000
$541/SF
MultiFamily
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West 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
12.64%
Cash-on-Cash
-3.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93