Updated Dec 4, 2024
Mei Chet & Beth Byrne Close $1.2M Multifamily Sale In Newton, MA
52-54 Rangeley Road
$1,200,000
$491/SF
Building Size
2,442 SF
Asset Type
MultiFamily
Closing
Apr 9, 2024
About this deal
AI
52-54 Rangeley Road, a multifamily property in Newton, MA, was sold for $1.2 million. Spanning 2,442 square feet, the property was acquired at a price of $491 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 52-54 Rangeley Road
- Market: Newton, MA
Mei Chet of Keller WilliamsRealty represented the buyer in the transaction, while Beth Byrne of Advisors Living acted as the seller's representative.
The multifamily sale at 52-54 Rangeley Road in West Newton, Massachusetts sold for $1.2M in 2024. The building is 2,442 square feet, implying about 491 per square foot on the published price. Mei Chet, Beth Byrne, Advisors Living, Keller Williams Realty appear on the sale alongside Advisors Living, Keller Williams Realty. This page is the West Newton, Massachusetts file for the 52-54 Rangeley Road multifamily sold: pricing, party profiles, and other closed multifamily comps from the same West Newton sit in the Market section below. Filter that West Newton multifamily set by closing date to see what else sold near 52-54 Rangeley Road around 2024. Published consideration for 52-54 Rangeley Road is $1.2M, dated 2024. Cite this Mei Chet & Beth Byrne Close $1.2M Multifamily Sale In Newton, MA sale when underwriting similar multifamily product around West Newton, Massachusetts.
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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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93