Updated Sep 9, 2024
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
$1,349,000
$530/SF
Building Size
2,542 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
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.
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
11.76%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93