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36 Stanley Road, Newton, Wa...

Subhash Kovela & Sindhu Mukku Acquire SFR In Newton, MA For $2.1M
SOLDSingle Family Residence

Subhash Kovela & Sindhu Mukku Acquire SFR In Newton, MA For $2.1M

36 Stanley Road, Newton, Waban, Massachusetts, USA

$2,100,000

$416/SF

Building Size

5,045 SF

Asset Type

Single Family Residence

Closing

Sep 10, 2021

AI

A single-family home located at 36 Stanley Road in Newton, MA has been sold. The property spans a total of 5,045 square feet and was sold for a price of $2,100,000. The sale price translates to a price per square foot of $416. The transaction took place on 09/10/2021.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $2,100,000
  • Address: 36 Stanley Road, Newton, MA
  • Market: Newton, MA
  • Buyer: Subhash Kovela & Sindhu Mukku
  • Seller: Tom Covert
  • Buyer's Representative: Steve Novak - Compass
  • Seller's Representative: Craig Brody - Douglas Elliman

The buyer of the property is Subhash Kovela and Sindhu Mukku. Representing the buyer is Steve Novak from Compass. The seller of the property is Tom Covert, with Craig Brody from Douglas Elliman serving as the seller's representative.

Players

Steven Novak

Broker

$3.4M

vol

2 deals

Broker

Newton Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93