Demeo Realty Group Acquires Silver Lake Ave Multifamily In Newton, MA For $1.1M
SOLD
$1,102,000
Massachusetts
See Similar DealsMultiFamily3,848 SF
Sold 08/09/2021
SOLD
Demeo Realty Group Acquires Silver Lake Ave Multifamily In Newton, MA For $1.1M
69-71 Silver Lake Ave, Newton, Massachusetts, USA
See Similar DealsMultiFamily3,848 SF
Sold 08/09/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:3,848 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,773.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,915.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,224.04
Annual Debt Service$62,688.51
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