Chestnut Hill Realty Sells Multifamily Property In Newton, MA For $15.6M
SOLD
$15,625,000
+ 1
Massachusetts
See Similar DealsMultiFamily14,560 SF
Sold 08/18/2020
SOLD
Chestnut Hill Realty Sells Multifamily Property In Newton, MA For $15.6M
219 Commonwealth Avenue, Concord, MA 01742
See Similar DealsMultiFamily14,560 SF
Sold 08/18/2020
+ 1
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,073
Total Square Footage:14,560 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$833,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,512.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,070.47
Annual Debt Service$888,845.66
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