Updated Oct 28, 2024
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
About this deal
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.
On the Map
$15,625,000
$1,073/SF
MultiFamily
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Players
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