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24 & 32 Newtonville Avenue

Red Tree Real Estate Represents Buyer In $2.55M Multi-Family Sale In Newton, MA
SOLDMultiFamily

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

Jaimi Meuse

Red Tree Real Estate

Broker

$12.7M

vol

7 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93