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MB Associates Acquires Multifamily Property On Brookside Ave In Newton For $1.525M

Property Image
SOLD
$1,525,000

Massachusetts

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MultiFamily4,123 SF
Sold 05/01/2021
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Property Image
SOLD

MB Associates Acquires Multifamily Property On Brookside Ave In Newton For $1.525M

46 Brookside Ave, Newton, Newtonville, Massachusetts, USA

See Similar Deals
MultiFamily4,123 SF
Sold 05/01/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:4,123 SF
Transaction Type:Sale

Located at 46 Brookside Ave in Newton, MA, this multifamily property was recently sold for $1,525,000. With a total square footage of 4,123, the price per square foot comes to $370. The transaction took place on 05/01/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,525,000
  • Square Footage: 4,123
  • Price per Square Foot: $370
  • Seller's Representative: Ed Lyon - Preservation Properties
  • Buyer's Representative: MB Associates - Coldwell Banker Realty - Newton

The key individuals involved in this sale were Ed Lyon from Preservation Properties, who represented the seller, and MB Associates from Coldwell Banker Realty in Newton, who represented the buyer. They played a crucial role in facilitating the transaction and ensuring a successful deal for both parties.

Players

9 deals$12.1M volume
BROKER

Details

SOLD
IMAGE: Ed Lyon DATE: 05/01/2021 ADDRESS: 46 Brookside Ave MARKET: Newton, MA ASSET TYPE: Mulifamily SELLER'S REP: Ed Lyon - Preservation Properties BUYER'S REP: MB Associates - Coldwell Banker Realty - Newton SALE PRICE: $1,525,000 SF: 4,123 ~ PPSF: $370

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
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