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92 Athelstane Rd, Newton, M...

Sprogis & Neale Real Estate Represents Buyer And Seller In $1.82M Newton Multifamily Sale
SOLDMultiFamily

Sprogis & Neale Real Estate Represents Buyer And Seller In $1.82M Newton Multifamily Sale

92 Athelstane Rd, Newton, Massachusetts 02459, United States

$1,820,000

$621/SF

Building Size

2,928 SF

Asset Type

MultiFamily

Closing

Dec 20, 2021

AI

A multifamily property located at 92-94 Athelstane Rd in Newton, MA has been sold. The property consists of 2 units with a total square footage of 2,928. The sale price for this transaction was $1,820,000, resulting in a price per unit of $910,000, and a price per square foot of $622.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,820,000
  • Units: 2
  • Price per Unit: $910,000
  • Square Footage: 2,928
  • Price per Square Foot: $622
  • Address: 92-94 Athelstane Rd, Newton, MA
  • Market: Newton, MA

The buyer's representatives for this deal were John Neale and Bradford Sprogis from Sprogis & Neale Real Estate. On the seller's side, the Gore Lietzke Group represented the transaction, working with William Raveis R.E. & Home Services.

Players

John Neale

Broker

$22.5M

vol

6 deals

Broker

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

8.72%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93