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305-307 Cabot Street

Gore Lietzke Group Of William Raveis Real Estate & Bob Airasia Of Coldwell Banker Facilitates $3.9M Multifamily Property Sale In Newton, MA
SOLDMultiFamily

Gore Lietzke Group Of William Raveis Real Estate & Bob Airasia Of Coldwell Banker Facilitates $3.9M Multifamily Property Sale In Newton, MA

305-307 Cabot Street

$3,900,000

$538/SF

Building Size

7,248 SF

Asset Type

MultiFamily

Closing

Feb 21, 2024

AI

A multifamily property located at 305-307 Cabot Street in Newton, MA, was recently sold for $3,900,000. This property spans 7,248 square feet, resulting in a price per square foot of $538.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,900,000
  • Address: 305-307 Cabot Street
  • Market: Newton, MA

The buyer's representative in this transaction was the Gore Lietzke Group from William Raveis Real Estate. On the seller's side, Bob Airasian from Coldwell Banker represented the property. Both parties facilitated the smooth sale of this valuable multifamily asset.

Players

Bob Airasian

Coldwell Banker

Broker

$9M

vol

5 deals

Broker

Newtonville 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93