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Gilbert Winn Of WinnCompanies Acquires 112-Unit Multifamily Property In Newton Massachusetts For $38M

Property Image
SOLD
$38,000,000

Massachusetts

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MultiFamily
Sold 09/23/2025
the dealdetailscomps
Property Image
SOLD

Gilbert Winn Of WinnCompanies Acquires 112-Unit Multifamily Property In Newton Massachusetts For $38M

131 North Street

See Similar Deals
MultiFamily
Sold 09/23/2025
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 131 North Street in Newton, MA. The deal was finalized for a total sale price of $38,000,000, which translates to a price per unit of $339,286 for the 112 units in the property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $38,000,000
  • Units: 112
  • Price Per Unit: $339,286
  • Buyer: Gilbert Winn - WinnCompanies
  • Seller: Michael Olson - Rhino Capital Advisors

WinnDevelopment aims to transform the Newton Gardens property into affordable and workforce housing, implementing new long-term rent restrictions in the development plans. This initiative highlights the commitment to addressing housing needs in the local market.

Players

WinnCompanies
WinnCompanies
BUYER
RA
Rhino Capital Advisors
SELLER

Details

SOLD
IMAGE: Gilbert Winn & Michael Olson DATE: 09/23/2025 ADDRESS: 131 North Street MARKET: Newton, MA ASSET TYPE: Multifamily BUYER: Gilbert Winn - WinnCompanies SELLER: Michael Olson - Rhino Capital Advisors SALE PRICE: $38,000,000 UNITS: 112 ~ PPU: $339,286 NOTE: WinnCompanies bought the 112-unit Newton Gardens in Newton, MA, for $38M from Rhino Capital Advisors. WinnDevelopment plans to convert the property into affordable and workforce housing with new long-term rent restrictions.

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Debt Service Coverage Ratio (DSCR)

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