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

/

140 Jewett Street

Jason Zhang Of Compass Represents Buyer In $1.7M Multifamily Sale At 140 Jewett Street
SOLDMultiFamily

Jason Zhang Of Compass Represents Buyer In $1.7M Multifamily Sale At 140 Jewett Street

140 Jewett Street

$1,700,000

$357/SF

Building Size

4,754 SF

Asset Type

MultiFamily

Closing

Jul 29, 2024

AI

A multifamily home located at 140 Jewett Street in Newton, MA, has been sold for $1.7 million. This property features two units along with an accessory dwelling unit, totaling 4,754 square feet. Each unit provides modern amenities and has a combined total of 6 bedrooms and 4.5 bathrooms, with Unit 1 and the accessory dwelling unit currently vacant.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Units: 2
  • Price Per Unit: $850,000
  • Square Footage: 4,754
  • Price Per Square Foot: $358
  • Buyer's Representative: Jason Zhang - Compass
  • Seller's Representatives: Edward Johnston & John Lynch - Dwell360

The transaction involved key individuals from both sides, with Jason Zhang representing the buyer through Compass, while Edward Johnston and John Lynch represented the seller with Dwell360. Their respective roles facilitated the sale of this multifamily asset in a competitive market.

Players

Jason Zhang

Compass

Broker

$4.6M

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93