facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

11-13 Turner Terrace, Newto...

Redfin Corp. Acquires Multifamily Property In Newton, MA For $1.1M
SOLDMultiFamily

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

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.

Players

Ed Lyon

Broker

$12.1M

vol

9 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

14.57%

Cash-on-Cash

-4.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93