Updated Dec 21, 2023
Compass Acquires Multifamily Property In Newton, MA With Buyer's Rep Tania Wu & Seller's Rep Cheryl Cremens
577-579 Commonwealth Avenue, Newton, Massachusetts 02459, United States
$1,872,000
$512/SF
Building Size
3,652 SF
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
Located at 577-579 Commonwealth Ave in Newton, MA, this multifamily property has recently been sold. The sale, which took place on 05/13/2022, was facilitated by Tania Wu from Compass, acting as the buyer's representative, and Cheryl Cremens from Coldwell Banker Realty - Newton, acting as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,872,000
- Units: 2
- Price per Unit: $936,000
- Square Footage: 3,652
- Price per Square Foot: $513
The property consists of two units, with each unit having an approximate value of $936,000. Spanning a total area of 3,652 square feet, the price per square foot comes to $513.
Tania Wu from Compass represented the buyer, while Cheryl Cremens from Coldwell Banker Realty - Newton represented the seller in this transaction.
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
8.47%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93