Douglas Stone & Todd Glaskin Facilitate $1.5M Multifamily Sale In Newton, MA
40-42 Dalby Street
$1,499,000
$438/SF
Building Size
3,422 SF
Asset Type
MultiFamily
Closing
Mar 25, 2024
AI
Sold for $1,499,000, this stunning, gut-renovated two-family home in Newton at 40-42 Dalby Street offers condo-quality units with luxury finishes, including granite and stainless steel kitchens. The property spans 3,422 square feet and was sold for a price per unit of $749,500, with a price per square foot of $438.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,499,000
- Units: 2
- Square Footage: 3,422
- Address: 40-42 Dalby Street
- Market: Newton, MA
- Buyer's Rep: Douglas Stone - RE/MAX Executive Realty
- Seller's Rep: Todd Glaskin - Coldwell Banker
Douglas Stone represented the buyer, while Todd Glaskin acted as the seller's representative in this transaction. The property, with high-end finishes, generated nearly $8,000 in rents through the summer.
Players
Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93