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27 Ash St, Newton, MA 02466

Glenna Gelineau Represents Buyer In Sale Of Multifamily Property At 27 Ash Street For $1.75M
SOLDMultiFamily

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

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.

Players

Glenna Gelineau

Broker

$16.5M

vol

9 deals

Broker

Auburndale 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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93