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84-86 Pennsylvania Avenue

Michael Yankovski Of Saga Partners Represents Buyer In Multifamily Sale In Newton For $1.11M
SOLDMultiFamily

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

Michael Spurr

Keller Williams Realty

Broker

$3.8M

vol

3 deals

Broker

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