Joseph DeNucci Of Denucci Realty Group Represents Buyer In $2M Multifamily Sale In Newton MA
51-53 Eddy Street
$2,000,000
$482/SF
Building Size
4,148 SF
Asset Type
MultiFamily
Closing
Jul 25, 2024
AI
A four-family home located at 51-53 Eddy Street in Newton, MA, was sold for $2,000,000. The property encompasses a total of 4,148 square feet and is situated on a 9,754 square foot MR3 zoned lot. It includes 8 bedrooms and 4 bathrooms, presenting potential for redevelopment or updates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Square Footage: 4,148 sq. ft.
- Address: 51-53 Eddy Street
- Market: Newton, MA
- PPSF: $482
- Buyer's Representative: Joseph DeNucci - Denucci Realty Group
- Seller's Representative: Edward Lyon - Preservation Properties
The transaction involved key individuals representing both the buyer and seller. Joseph DeNucci from Denucci Realty Group represented the buyer, while the seller was represented by Edward Lyon of Preservation Properties.
Players
West Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93