facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

123 Waban Street

Stephanie Lau Of Bellafi Real Estate Represents Buyer In $1.32M Newton Multifamily Sale
SOLDMultiFamily

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:

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

Edward Lyon

Preservation Properties

Broker

$5.9M

vol

4 deals

Broker

Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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