Updated Sep 5, 2024
Multi-family Property In Newton, MA Sold For $2.9M With Buyer's Rep Alex Kupelian And Seller's Rep Ben Resnicow
92 Chapel St Newton, MA 02458, USA
$2,900,000
$589/SF
Building Size
4,924 SF
Asset Type
MultiFamily
Closing
Jun 21, 2023
About this deal
AI
A multi-family property located at 92-94 Chapel Street in Newton, MA, was sold for $2,900,000 on June 21, 2023. The property has a total area of 4,924 square feet and a price per square foot of $589.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Address: 92-94 Chapel Street, Newton, MA
- Market: Newton, MA
- Buyer's Representative: Alex Kupelian - Brokerking Realty
- Seller's Representative: Ben Resnicow - Commonwealth Standard Realty Advisors
The buyer in this transaction, Alex Kupelian of Brokerking Realty, represented the buyer's interests throughout the deal. On the other side, Ben Resnicow of Commonwealth Standard Realty Advisors acted as the seller's representative. Together, they facilitated the successful sale of the multi-family property.
Players
Boston 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93