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
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