Updated Dec 4, 2024
Sarah Dunlevy Of William Raveis Real Estate Represents Buyer In Newton Multifamily Sale For $1.75M
12 Gordon Terrace
$1,750,000
$412/SF
Building Size
4,240 SF
Asset Type
MultiFamily
Closing
Sep 18, 2024
About this deal
AI
A well-maintained three-family home located at 12 Gordon Terrace in Newton, MA, sold for $1,750,000. The property spans 4,240 square feet and includes 11 bedrooms and 5 baths. It also features hardwood floors and offers up to 9 off-street parking spaces, with convenient access to bus lines and the Mass Pike.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 3
- Price Per Unit: $583,333
- Square Feet: 4,240
- Price Per Square Foot: $413
- Buyer's Representative: Sarah Dunlevy - William Raveis Real Estate-Milton
- Seller's Representative: Victor Lu - V & E Realty
The transaction involved Sarah Dunlevy representing the buyer and Victor Lu representing the seller. Both representatives played key roles in facilitating the sale of this multifamily property in the Newton market.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93