Updated Dec 18, 2023
Preservation Properties Acquires Multifamily Property In Newton, MA For $1.25M
510 Watertown Street, Newton, Massachusetts 02460, United States
$1,250,000
$356/SF
Building Size
3,509 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
The multifamily property located at 510 Watertown St in Newton, MA has been sold for $1,250,000. The property spans 3,509 square feet, resulting in a price per square foot of $356.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 510 Watertown St, Newton, MA
- Market: Newton, MA
The buyer's representative in this transaction was Ed Lyon from Preservation Properties, while the seller's representative was Janet Edsall from Fields - Hammond Residential Real Estate.
The multifamily sale at 510 Watertown Street, Newton, Massachusetts 02460, United States in Newton, Massachusetts sold for $1.3M in 2021. The building is 3,509 square feet, implying about 356 per square foot on the published price. Janet Edsall, Ed Lyon, Hammond Residential Real Estate appear on the sale alongside Hammond Residential Real Estate. This page is the Newton, Massachusetts file for the 510 Watertown Street, Newton, Massachusetts 02460, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Newton sit in the Market section below. Filter that Newton multifamily set by closing date to see what else sold near 510 Watertown Street, Newton, Massachusetts 02460, United States around 2021. Published consideration for 510 Watertown Street, Newton, Massachusetts 02460, United States is $1.3M, dated 2021. Cite this Preservation Properties Acquires Multifamily Property In Newton, MA For $1.25M sale when underwriting similar multifamily product around Newton, Massachusetts.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93