Amy Lam & Anya Kogan Brokers Represent The Sale Of Multifamily Property In Newton, MA For $1.175M
SOLD
$1,175,000
Massachusetts
See Similar DealsMultiFamily2,418 SF
Sold 03/31/2021
SOLD
Amy Lam & Anya Kogan Brokers Represent The Sale Of Multifamily Property In Newton, MA For $1.175M
49-51 Louise Rd, Newton, Chestnut Hill, Massachusetts, USA
See Similar DealsMultiFamily2,418 SF
Sold 03/31/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$485
Total Square Footage:2,418 SF
Transaction Type:Sale
The multifamily property located at 49-51 Louise Rd in Newton, MA has been sold for a price of $1,175,000. The property spans a total of 2,418 square feet, resulting in a price per square foot of $486.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 49-51 Louise Rd, Newton, MA
- Market: Newton, MA
Amy Lam from Realty Executives Boston West represented the seller in this transaction. Anya Kogan from Castles Unlimited® represented the buyer. Both individuals played key roles in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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