Updated Dec 21, 2023
Realty Executives Boston West Acquires Multifamily Property In Newton, MA For $1.175M
67-69 Evergreen Avenue, Newton, Auburndale, Massachusetts, USA
$1,175,000
$406/SF
Building Size
2,888 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
About this deal
AI
The multifamily property located at 67-69 Evergreen Avenue in Newton, MA has been sold for a total price of $1,175,000. The property spans an area of 2,888 square feet, resulting in a price per square foot of $407.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Date: 02/25/2021
- Address: 67-69 Evergreen Avenue, Newton, MA
- Market: Newton, MA
Russell Serino from Coldwell Banker Realty - Newton represented the seller in this transaction, while the buyer was represented by Kevin Bilafer from Realty Executives Boston West.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93