Blue Ocean Realty Acquires Multifamily Property In Newton, MA For $1.5M
47 Washington St, Newton, Massachusetts, USA
$1,500,000
$352/SF
Building Size
4,256 SF
Asset Type
MultiFamily
Closing
Aug 6, 2020
AI
Located at 47 Washington St in Newton, MA, this multifamily property was recently sold for $1,500,000. Spanning over 4,256 square feet, the property offers spacious living spaces for its future residents. With a price per square foot of $352, this transaction showcases the value of this asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 47 Washington St, Newton, MA
- Square Feet: 4,256
- Price Per Square Foot: $352
- Market: Newton, MA
The seller's representative for this deal was Bruce Kirkcaldy from Coldwell Banker Realty - Newton. On the buyer's side, Rose Hall represented Blue Ocean Realty, LLC. Their expertise and negotiation skills played a key role in facilitating this successful transaction.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93