Updated Oct 28, 2024
Jon Lawless Sells Multifamily Property In Newton, MA For $1.45M
10 Mechanic Street, Newton, Massachusetts 02464, United States
$1,450,000
$432/SF
Building Size
3,351 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
Located at 10 Mechanic St in Newton, MA, this multifamily property was recently sold in a closed transaction. The property spans 3,351 square feet and was sold for a price of $1,450,000, resulting in a price per square foot of $433. The sale occurred on 04/28/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 10 Mechanic St, Newton, MA
- Market: Newton, MA
The seller of this property was Jon Lawless from Vault Properties. Jon Lawless represented the seller during the transaction.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93