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47 Washington St, Newton, M...

Blue Ocean Realty Acquires Multifamily Property In Newton, MA For $1.5M
SOLDMultiFamily

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

Rose Hall

Blue Ocean Property Management

Broker

$12.5M

vol

7 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