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236 Chapel Street, Newton, ...

236 Chapel Street, LLC Acquires Multifamily Property In Newton, MA For $1.15M
SOLDMultiFamily

236 Chapel Street, LLC Acquires Multifamily Property In Newton, MA For $1.15M

236 Chapel Street, Newton, Massachusetts 02458, United States

$1,150,000

$388/SF

Building Size

2,961 SF

Asset Type

MultiFamily

Closing

Oct 30, 2022

AI

236 Chapel Street, located in Newton, MA, has been sold in a recent real estate transaction. This multifamily property spans over 2,961 square feet and was sold for a price of $1,150,000, resulting in a price per square foot of $388.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Date: 10/31/2022
  • Address: 236 Chapel Street
  • Market: Newton, MA

The buyer of the property is 236 Chapel Street, LLC, while the seller is Patsy Scrooc. The transaction was facilitated by Anthony Coppola and Massis Khoumjian from Coldwell Banker, who represented the respective parties involved.

Players

Massis Khoumjian

Coldwell Banker

Broker

$19.4M

vol

11 deals

Broker

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93