Updated Dec 19, 2023
Diduca Properties Acquires Multifamily Property In Newton For $1.05M
1917 Commonwealth Avenue, Newton, Auburndale, Massachusetts, USA
$1,050,000
$426/SF
Building Size
2,464 SF
Asset Type
MultiFamily
Closing
Mar 14, 2021
About this deal
AI
Located at 1917-1919 Commonwealth Ave in Newton, MA, this multifamily property was recently sold in a closed transaction. The property spans 2,464 square feet and was sold for a total price of $1,050,000, resulting in a price per square foot of $426.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 1917-1919 Commonwealth Ave, Newton, MA
- Market: Newton, MA
The seller's representative in this transaction was Demeo Realty Group from Coldwell Banker Realty, based in Newton. On the buyer's side, Diduca Properties from Keller Williams Realty represented the buyer.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93