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51 Oak Avenue

Berkshire Hathaway HomeServices Acquires Multifamily Property On Oak Avenue In Newton For $1.5M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires Multifamily Property On Oak Avenue In Newton For $1.5M

51 Oak Avenue

$1,500,000

$840/SF

Building Size

1,784 SF

Asset Type

MultiFamily

Closing

Nov 1, 2023

AI

A multifamily property located at 51 Oak Avenue in Newton, MA has been sold for $1.5 million. The sale was facilitated with representation from Berkshire Hathaway HomeServices Commonwealth Real Estate for the buyer and Maureen Kelly Fromm of RE/MAX Preferred Properties for the seller. The property spans 1,784 square feet and was sold at a price per square foot of $841. This transaction highlights the continued activity in the multifamily market in Newton.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 51 Oak Avenue
  • Market: Newton, MA

Representing the buyer in this deal is Berkshire Hathaway HomeServices Commonwealth Real Estate, while Maureen Kelly Fromm of RE/MAX Preferred Properties acted as the seller's representative. The involvement of these professionals underscores the importance of knowledgeable and experienced brokers in successful property transactions.

Players

Maureen Kelly Fromm

Re/Max

Broker

$12M

vol

5 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93