Updated Sep 5, 2024
Realty Executives Boston West Facilitates $1.3M Multifamily Sale In Newton, MA
50-52 Elm Street, Newton, Massachusetts 02465, United States
$1,305,000
$559/SF
Building Size
2,334 SF
Asset Type
MultiFamily
Closing
May 3, 2022
About this deal
AI
A multifamily property located at 50-52 Elm St in Newton, MA has been sold for a total price of $1,305,000. The property consists of two units with a price per unit (PPU) of $652,500. The total square footage of the property is 2,334, resulting in a price per square foot (PPSF) of $559.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,305,000
- Units: 2
- Price per Unit (PPU): $652,500
- Total Square Footage: 2,334
- Price per Square Foot (PPSF): $559
The buyer's representative in this transaction was Angela Caruso from Realty Executives Boston West, while the seller's representative was Jamie Keefe, also from Realty Executives Boston West.
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
12.16%
Cash-on-Cash
-3.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93