Updated Nov 17, 2023
Barbara Lietzke - William Raveis R.E. & Home Services Acquires Multifamily Property In Newton, MA For $3.1M
73 Elm Road, Newton, Massachusetts 02460, United States
$3,100,000
$516,666/SF
Building Size
6 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
The multifamily property located at 73 Elm Road in Newton, MA has been sold for a price of $3,100,000. The transaction took place on January 26, 2023, as reported on Barbara Lietzke's Instagram post. The property consists of 5 units with a total of 6,018 square feet. The price per unit equates to $620,000, while the price per square foot is $515.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 73 Elm Road, Newton, MA
- Market: Newton, MA
- Units: 5
- Price per Unit (PPU): $620,000
- Square Feet: 6,018
- Price per Square Foot (PPSF): $515
The buyer in this transaction was represented by Barbara Lietzke from William Raveis R.E. & Home Services, while the seller was represented by Mindy Abramowitz from Centre Realty Group.
Players
Newtonville 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93