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40-42 Dalby Street

Douglas Stone & Todd Glaskin Facilitate $1.5M Multifamily Sale In Newton, MA
SOLDMultiFamily

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:

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

Todd Glaskin

Coldwell Banker

Broker

$109.8M

vol

23 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93