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140 West Newton Street, Bos...

Engel & Volkers Boston Acquires Multifamily Property On 140 West Newton St For $3.1M
SOLDMultiFamily

Engel & Volkers Boston Acquires Multifamily Property On 140 West Newton St For $3.1M

140 West Newton Street, Boston, Massachusetts 02118, United States

$3,122,500

$921/SF

Building Size

3,387 SF

Asset Type

MultiFamily

Closing

Jan 25, 2022

AI

140 West Newton St is a multifamily property located in Boston, MA. The property was sold on December 30, 2021, for a total of $3,122,500. It spans a total of 3,387 square feet, resulting in a price per square foot of $922.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,122,500
  • Address: 140 West Newton St
  • Market: Boston, MA

The buyer's representative in this transaction was Robb Cohen from Engel & Volkers Boston, while John Neale from Sprogis & Neale Real Estate represented the seller.

Players

John Neale

Broker

$22.5M

vol

6 deals

Broker

Boston 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

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93