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51-53 Eddy Street

Joseph DeNucci Of Denucci Realty Group Represents Buyer In $2M Multifamily Sale In Newton MA
SOLDMultiFamily

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:

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

Edward Lyon

Preservation Properties

Broker

$5.9M

vol

4 deals

Broker

West 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93