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99-101 Charlesbank Road

Dwell360 Sells Multifamily Property In Newton, MA For $1.225M
SOLDMultiFamily

Dwell360 Sells Multifamily Property In Newton, MA For $1.225M

99-101 Charlesbank Road

$1,225,000

$507/SF

Building Size

2,412 SF

Asset Type

MultiFamily

Closing

Jun 7, 2024

AI

99-101 Charlesbank Rd in Newton, MA, sold for $1,225,000, presenting an enticing investment opportunity with its turnkey two-family layout in Newton Corner. The property consists of 2 units with a total square footage of 2,412, resulting in a price per unit of $612,500 and a price per square foot of $508.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,225,000
  • Address: 99-101 Charlesbank Road
  • Market: Newton, MA

Edward Johnston and John Lynch from Dwell360 facilitated the sale of 99-101 Charlesbank Rd in Newton, MA, showcasing their expertise in the real estate market of Newton Corner.

Players

John Lynch

Dwell360

Broker

$2.9M

vol

2 deals

Broker

Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93