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
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