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
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93