Updated Dec 20, 2023
William Raveis Real Estate Acquires Multifamily Property In Newton, MA For $2.1M
218 Lowell Ave, Newton, Massachusetts 02460, United States
$2,100,000
$366/SF
Building Size
5,728 SF
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
The multifamily property located at 218-222 Lowell Ave in Newton, MA has been sold for a price of $2,100,000. The property spans a total area of 5,728 square feet, resulting in a price per square foot of $367.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 218-222 Lowell Ave, Newton, MA
- Square Footage: 5,728 sqft
- Price Per Square Foot: $367
Omar Youssef from William Raveis Real Estate in Newton represented the buyer in this transaction. Tracy Johnson from Centre Realty Group served as the seller's representative.
Players
Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit William Raveis Real Estate to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93