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46 Brookside Ave, Newton, N...

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

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

46 Brookside Ave, Newton, Newtonville, Massachusetts, USA

$1,525,000

$369/SF

Building Size

4,123 SF

Asset Type

MultiFamily

Closing

Apr 30, 2021

AI

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

Ed Lyon

Broker

$12.1M

vol

9 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

10.40%

Cash-on-Cash

-2.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93