Michael Yankovski Of Saga Partners Represents Buyer In Multifamily Sale In Newton For $1.11M
84-86 Pennsylvania Avenue
$1,110,000
$486/SF
Building Size
2,280 SF
Asset Type
MultiFamily
Closing
Aug 7, 2024
AI
This multifamily property located at 84-86 Pennsylvania Avenue in Newton, MA, has been sold for $1,110,000. The asset spans 2,280 square feet and is situated on a 7,720 square foot lot. It features 4 bedrooms and 2 bathrooms, with additional potential for attic expansion. The property is conveniently close to a park/playground and various local amenities.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Square Footage: 2,280
- Price Per Square Foot: $487
- Address: 84-86 Pennsylvania Avenue
- Market: Newton, MA
- Buyer's Representative: Michael Yankovski - Saga Partners
- Seller's Representative: Michael Spurr - Keller Williams
Michael Yankovski from Saga Partners represented the buyer in this transaction, while Michael Spurr from Keller Williams was the seller's representative. The deal reflects the collaboration between these two brokerage firms in facilitating the sale of this multifamily property.
Players
Newton Upper Falls 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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93