Engel & Volkers Boston Acquires Multifamily Property On 140 West Newton St For $3.1M
SOLD
Massachusetts
See Similar DealsMultiFamily3,387 SF
Sold 01/26/2022
SOLD
Engel & Volkers Boston Acquires Multifamily Property On 140 West Newton St For $3.1M
140 West Newton Street, Boston, Massachusetts 02118, United States
See Similar DealsMultiFamily3,387 SF
Sold 01/26/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$921
Total Square Footage:3,387 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,093.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,802.24
Annual Debt Service$177,626.92
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