Updated Oct 15, 2026
Redfin Corp. Acquires Multifamily Property In Newton, MA For $1.1M
11-13 Turner Terrace, Newton, Newtonville, Massachusetts, USA
$1,089,000
$467/SF
Building Size
2,332 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
About this deal
AI
The multifamily property located at 11-13 Turner Terrace in Newton, MA was recently sold for a total price of $1,089,000. The property spans a total of 2,332 square feet, resulting in a price per square foot of $467. The sale was finalized on February 25, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,089,000
- Address: 11-13 Turner Terrace, Newton, MA
- Market: Newton, MA
- Seller's Representative: Ed Lyon - Preservation Properties
- Buyer's Representative: Michael Stein - Redfin Corp.
The seller's representative in this transaction was Ed Lyon from Preservation Properties. On the other hand, the buyer's representative was Michael Stein from Redfin Corp. These individuals played crucial roles in facilitating the successful sale of this multifamily property in Newton, MA.
On the Map
$1,089,000
$467/SF
MultiFamily
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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
14.57%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93