Red Tree Real Estate Represents Buyer In $2.55M Multi-Family Sale In Newton, MA
SOLD
$2,550,000
Massachusetts
See Similar DealsMultiFamily26,338 SF
Sold 06/29/2022
SOLD
Red Tree Real Estate Represents Buyer In $2.55M Multi-Family Sale In Newton, MA
24 & 32 Newtonville Avenue
See Similar DealsMultiFamily26,338 SF
Sold 06/29/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:26,338 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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