facebook
Traded Co logo
Submit

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

Property Image
SOLD
$1,820,000

Massachusetts

See Similar Deals
MultiFamily2,928 SF
Sold 12/20/2021
the dealplayerscompscontact
Property Image
SOLD

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

92 Athelstane Rd, Newton, Massachusetts 02459, United States

See Similar Deals
MultiFamily2,928 SF
Sold 12/20/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$621
Total Square Footage:2,928 SF
Transaction Type:Sale

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

6 deals$22.5M volume
BROKER

Brad Sprogis
5 deals$21M volume
BROKER

Details

SOLD
IMAGE: John Neale and Bradford Sprogis DATE: 12/20/2021 ADDRESS: 92-94 Athelstane Rd MARKET: Newton, MA ASSET TYPE: Multifamily BUYER'S REP: John Neale and Bradford Sprogis - Sprogis & Neale Real Estate SELLER'S REP: Gore Lietzke Group - William Raveis R.E. & Home Services SALE PRICE: $1,820,000 UNITS: 2 ~ PPU: $910,000 SF: 2,928 ~ PPSF: $622

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$97,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,466.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,627.73
Annual Debt Service$103,532.74