Updated Dec 19, 2023
Gibson Sotheby's Acquires Multifamily In Newton, MA For $1.15M
57 Wetherell Street, Newton, Massachusetts 02464, United States
$1,150,000
$552/SF
Building Size
2,083 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
A multifamily property located at 55-57 Wetherell St in Newton, MA has been sold for a price of $1,150,000. The property spans 2,083 square feet, resulting in a price per square foot of $552.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 55-57 Wetherell St, Newton, MA
- Market: Newton, MA
- Buyer's Representative: Michael Moran - Gibson Sotheby's International Realty
- Seller's Representative: Amihud Avinoam - Edward Aronzon
Michael Moran from Gibson Sotheby's International Realty represented the buyer in this transaction, while Amihud Avinoam from Edward Aronzon acted as the seller's representative.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93