Updated Dec 4, 2024
Glenna Gelineau Represents Buyer In Sale Of Multifamily Property At 27 Ash Street For $1.75M
27 Ash St, Newton, MA 02466
$1,750,000
$391/SF
Building Size
4,468 SF
Asset Type
MultiFamily
Closing
Aug 30, 2024
About this deal
AI
A multifamily property located at 27 Ash Street in Auburndale, MA, was sold for $1,750,000. The asset comprises two units and offers a total square footage of 4,468, resulting in a price per unit of $875,000 and a price per square foot of $392.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 2
- Square Footage: 4,468
- Price Per Unit: $875,000
- Price Per Square Foot: $392
- Buyer's Representative: Glenna Gelineau - Gelineau & Associates R.E.
- Seller's Representative: Gail LiDonni - Legacy Properties
This transaction was facilitated by Glenna Gelineau representing the buyer and Gail LiDonni representing the seller. The property was noted for its significant living space, featuring six bedrooms and three bathrooms, along with high ceilings, contributing to its market appeal.
On the Map
$1,750,000
$391/SF
MultiFamily
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Auburndale 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93