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
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93