Updated Dec 21, 2023
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
Newton 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93