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.
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
14.39%
Cash-on-Cash
-4.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93