Multifamily Property At 334 Linwood Avenue In Newton, MA, Sold For $1.7M With RE/MAX Preferred Properties' Maureen Kelly Fromm
334 Linwood Avenue
$1,700,000
$380/SF
Building Size
4,470 SF
Asset Type
MultiFamily
Closing
Nov 30, 2023
AI
A multifamily property located at 334 Linwood Avenue in Newton, MA has recently been sold for a total of $1.7 million. The transaction was facilitated by broker Maureen Kelly Fromm of RE/MAX Preferred Properties. The property features a total square footage of 4,470, resulting in a price per square foot of $380.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Square Footage: 4,470 SF
- Price per Square Foot: $380
- Address: 334 Linwood Avenue, Newton, MA
- Market: Newton, MA
- Broker: Maureen Kelly Fromm - RE/MAX Preferred Properties
Maureen Kelly Fromm of RE/MAX Preferred Properties played a crucial role in facilitating the sale of the multifamily property at 334 Linwood Avenue in Newton, MA. Their expertise in the real estate market and strong negotiation skills contributed to the successful completion of the transaction.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93