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69-71 Silver Lake Ave, Newt...

Demeo Realty Group Acquires Silver Lake Ave Multifamily In Newton, MA For $1.1M
SOLDMultiFamily

Demeo Realty Group Acquires Silver Lake Ave Multifamily In Newton, MA For $1.1M

69-71 Silver Lake Ave, Newton, Massachusetts, USA

$1,102,000

$286/SF

Building Size

3,848 SF

Asset Type

MultiFamily

Closing

Aug 8, 2021

AI

A multifamily property located at 69-71 Silver Lake Ave in Newton, MA was recently sold for a total price of $1,102,000. The property spans 3,848 square feet, resulting in a price per square foot of $286. The sale took place on 08/09/2021.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,102,000
  • Address: 69-71 Silver Lake Ave, Newton, MA
  • Market: Newton, MA

The seller's representative in this transaction was Demeo Realty Group from Coldwell Banker Realty in Newton. On the other hand, the buyer was represented by Jagrti Patel from Premium Realty, Inc.

Players

Jagrti Patel

Broker

$5.3M

vol

3 deals

Broker

Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.39%

Cash-on-Cash

-4.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93