1766-1768 Commonwealth Multifamily Sold In Newton, MA For $1.35M With Buyer's Rep Christopher Blasczak & Seller's Rep Joseph Scapicchio
SOLD
$1,349,000
Massachusetts
See Similar DealsMultiFamily2,542 SF
Sold 12/17/2021
SOLD
1766-1768 Commonwealth Multifamily Sold In Newton, MA For $1.35M With Buyer's Rep Christopher Blasczak & Seller's Rep Joseph Scapicchio
1766-1768 Commonwealth, Newton, MA 02466
See Similar DealsMultiFamily2,542 SF
Sold 12/17/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$530
Total Square Footage:2,542 SF
Transaction Type:Sale
The multifamily property located at 1766-1768 Commonwealth in Newton, MA was recently sold. The sale was represented by Joseph Scapicchio of Berkshire Hathaway Homeservices Warren Residential as the seller's representative and Christopher Blasczak of Liberty Residential Realty, LLC as the buyer's representative. The property was sold for a total price of $1,349,000. It spans a total area of 2,542 square feet, resulting in a price per square foot of $531.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,349,000
- Square Footage: 2,542
- Price per Square Foot: $531
- Address: 1766-1768 Commonwealth, Newton, MA
- Market: Newton, MA
Christopher Blasczak from Liberty Residential Realty, LLC represented the buyer in this transaction while Joseph Scapicchio from Berkshire Hathaway Homeservices Warren Residential represented the seller. These individuals played crucial roles in facilitating the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,946.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,792.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,394.95
Annual Debt Service$76,739.38
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