facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$2,000,000
Edward Lyon
JD

Massachusetts

See Similar Deals
MultiFamily4,148 SF
Sold 07/25/2024
the dealplayerscompscontact
Property Image
SOLD

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

51-53 Eddy Street

See Similar Deals
MultiFamily4,148 SF
Sold 07/25/2024
Edward Lyon
JD
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$482
Total Square Footage:4,148 SF
Transaction Type:Sale

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
Edward Lyon
4 deals$5.9M volume
BROKER
JD
Denucci Realty Group
Joseph DeNucci
1 deal$2M volume
BROKER

Details

SOLD
IMAGE: Edward Lyon DATE: 07/25/2024 ADDRESS: 51-53 Eddy Street MARKET: Newton, MA ASSET TYPE: Multifamily BUYER'S REP: Joseph DeNucci (@JDenucci1) - Denucci Realty Group (@DenucciRealtyGroup) SELLER'S REP: Edward Lyon - Preservation Properties SALE PRICE: $2,000,000 SF: 4,148 ~ PPSF: $482 NOTE: A four-family home at 51-53 Eddy St., Newton, MA, sold for $2M. The property features 8 bedrooms, 4 baths, and 4,148 sq. ft. on a 9,754 sq. ft. MR3 zoned lot, offering potential for redevelopment or updates.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24