Stephanie Lau Of Bellafi Real Estate Represents Buyer In $1.32M Newton Multifamily Sale
123 Waban Street & 125 Waban Street
$1,320,000
$267/SF
Building Size
2,464 SF
Asset Type
MultiFamily
Closing
Aug 16, 2024
AI
A classic two-family home located at 123-125 Waban Street in Newton, MA, has been sold for $1,320,000. The multifamily asset features a total of 2,464 square feet and consists of 5 bedrooms and 2 bathrooms. The property includes amenities such as two garage bays, large porches, and a walk-up attic, contributing to its excellent rental potential. The average price per unit stands at $660,000, while the price per square foot is recorded at $536.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,320,000
- Units: 2
- Address: 123-125 Waban Street
- Market: Newton, MA
- Square Footage: 2,464
- Price per Unit: $660,000
- Price per Square Foot: $536
- Buyer's Representative: Stephanie Lau - Bellafi Real Estate
- Seller's Representative: Edward Lyon - Preservation Properties
Stephanie Lau from Bellafi Real Estate represented the buyer in this transaction, while Edward Lyon from Preservation Properties represented the seller. This sale showcases the involvement of these real estate professionals in facilitating the property transaction in a competitive 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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93