Updated Dec 19, 2023
Bill Butler - Leading Edge Real Estate Acquires Multifamily Property In Newton, MA For $2.06M
25-29 Trowbridge Street, Newton, Massachusetts 02459, United States
$2,063,000
$344/SF
Building Size
5,994 SF
Asset Type
MultiFamily
Closing
Sep 27, 2022
About this deal
AI
The multifamily property located at 25-29 Trowbridge St in Newton, MA has recently been sold for a total price of $2,063,000. The transaction took place on 09/28/2022 and was facilitated by Bill Butler, a broker from Leading Edge Real Estate. This property spans across 5,994 square feet and has a price per square foot of $344.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,063,000
- Date: 09/28/2022
- Address: 25-29 Trowbridge St, Newton, MA
- Market: Newton, MA
- Broker: Bill Butler - Leading Edge Real Estate
- SF: 5,994
- PPSF: $344
The sale of this property was successfully coordinated by Bill Butler from Leading Edge Real Estate. The transaction involved significant market activity in the Newton area, demonstrating the demand for multifamily properties in this location. The sale price of $2,063,000 reflects the value and potential of this asset, making it an attractive investment opportunity.
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
7.69%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93