Red Tree Real Estate Represents Buyer In $2.55M Multi-Family Sale In Newton, MA
24 & 32 Newtonville Avenue
$2,550,000
$96/SF
Building Size
26,338 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
AI
The multi-family property located at 24 & 32 Newtonville Ave in Newton, MA has been sold. The property spans a total area of 26,338 square feet and was sold at a price of $2,550,000, resulting in a price per square foot of $97.
Summary of transaction details:
- Property Type: Multi Family
- Sale Price: $2,550,000
- Square Footage: 26,338
- Price per Square Foot: $97
- Address: 24 & 32 Newtonville Ave, Newton, MA
- Market: Newton, MA
The seller of the property is Indira Desai. Representing the buyer was Jaimi Meuse from Red Tree Real Estate, while Greg Martin from Move Forward Real Estate acted as the seller's representative in the transaction.
Players
Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93