Compass Broker Facilitates $1.46M Multifamily Sale In Newton, MA
SOLD
$1,460,000
Massachusetts
See Similar DealsMultiFamily4,420 SF
Sold 08/05/2020
SOLD
Compass Broker Facilitates $1.46M Multifamily Sale In Newton, MA
119 Washington St, Newton, MA, USA
See Similar DealsMultiFamily4,420 SF
Sold 08/05/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:4,420 SF
Transaction Type:Sale
The multifamily property located at 119 Washington St in Newton, MA has been sold for $1,460,000. The property spans a total area of 4,420 square feet, resulting in a price per square foot of $330.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,460,000
- Date: 08/05/2021
- Address: 119 Washington St, Newton, MA
- Market: Newton, MA
- Asset Type: Multifamily
Linda Brennan from Compass represented the seller in this transaction, while Kin Siu Lau from Kathleen Lau Realty, LLC acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,187.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,921.14
Annual Debt Service$83,053.74
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