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1766-1768 Commonwealth, New...

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
SOLDMultiFamily

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

Christopher Blasczak

Liberty Residential Realty

Broker

$6M

vol

4 deals

Broker

Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $530 per square foot on a published $1.3M for 2,542 square feet (2021).

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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

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