Updated Oct 15, 2026
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
About this deal
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.
On the Map
$1,525,000
$369/SF
MultiFamily
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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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93