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37 Walnut Place, Newton, Ma...

Updated Dec 21, 2023

S. Amber Smit - William Raveis R.E. & Home Services Acquires Multifamily Asset In Newton, MA For $3.45M
SOLDMultiFamily

S. Amber Smit - William Raveis R.E. & Home Services Acquires Multifamily Asset In Newton, MA For $3.45M

37 Walnut Place, Newton, Massachusetts 02460, United States

$3,450,000

$563/SF

Building Size

6,127 SF

Asset Type

MultiFamily

Closing

Feb 27, 2022

About this deal

AI

The multifamily property located at 37 Walnut Pl in Newton, MA has been sold in a recent transaction. The sale was facilitated by S. Amber Smit from William Raveis R.E. & Home Services, who represented the buyer, and Arman Mavai from Unlimited Sotheby's International Realty, who represented the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,450,000
  • Address: 37 Walnut Pl, Newton, MA
  • Market: Newton, MA
  • Buyer's Representative: S. Amber Smit - William Raveis R.E. & Home Services
  • Seller's Representative: Arman Mavai - Unlimited Sotheby's International Realty
  • Units: 4
  • Price Per Unit: $862,500
  • Square Footage: 6,127
  • Price Per Square Foot: $563

This sale marks a significant transaction in the Newton, MA real estate market. The property consists of 4 units and spans a total of 6,127 square feet. With a transaction amount of $3,450,000, the sale price per unit was $862,500, while the price per square foot amounted to $563.

Players

Arman Mavai

Sotheby's International Realty

Broker

$3.5M

vol

1 deal

Broker

Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $563 per square foot on a published $3.5M for 6,127 square feet (2022).

Visit William Raveis Real Estate to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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