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219 Commonwealth Avenue, Co...

Chestnut Hill Realty Sells Multifamily Property In Newton, MA For $15.6M
SOLDMultiFamily

Chestnut Hill Realty Sells Multifamily Property In Newton, MA For $15.6M

219 Commonwealth Avenue, Concord, MA 01742

$15,625,000

$1,073/SF

Building Size

14,560 SF

Asset Type

MultiFamily

Closing

Aug 18, 2020

AI

Located at 219 Commonwealth Avenue in Newton, MA, a multifamily property recently changed hands in a closed transaction. The property consists of 28 units and was sold by Chestnut Hill Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $15,625,000
  • Price Per Unit: $558,036
  • Market: Newton, MA

Boston Realty Advisors represented Chestnut Hill Realty in the sale of this multifamily property. The transaction was facilitated by Kevin Benzinger, Jason Weissman, Andrew Herald, and Nick Herz.

Players

Jason Weissman

Boston Realty Advisors

Broker

$340.2M

vol

16 deals

Broker
CR
Chestnut Hill RealtySeller

Concord 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93