Updated Dec 20, 2023
Melinda Puzon & Dylan Krebsbach Acquire Multifamily Property In Newton, MA For $1.55M
116-118 Elgin Street, Newton, Newton Centre, Massachusetts, USA
$1,550,000
$498/SF
Building Size
3,108 SF
Asset Type
MultiFamily
Closing
Feb 9, 2021
About this deal
AI
The multifamily property located at 116-118 Elgin Street in Newton, MA has been sold for a price of $1,550,000. The property spans across 3,108 square feet, resulting in a price per square foot of $499.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 116-118 Elgin Street, Newton, MA
- Market: Newton, MA
The seller's representative in this transaction was Melinda Puzon from MP Signature Realty LLC. On the other hand, the buyer was represented by Dylan Krebsbach from FlyHomes, Inc.
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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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93