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12 Gordon Terrace

Updated Dec 4, 2024

Sarah Dunlevy Of William Raveis Real Estate Represents Buyer In Newton Multifamily Sale For $1.75M
SOLDMultiFamily

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:

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

Victor Lu

V & E Realty

Broker

$1.8M

vol

1 deal

Broker

Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $412 per square foot on a published $1.8M for 4,240 square feet (2024).

Visit William Raveis Real Estate to view all their deals.

Browse Newton multifamily sales on Traded.

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

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