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
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.
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