Melinda Puzon & Dylan Krebsbach Acquire Multifamily Property In Newton, MA For $1.55M
SOLD
$1,550,000
Massachusetts
See Similar DealsMultiFamily3,108 SF
Sold 02/10/2021
SOLD
Melinda Puzon & Dylan Krebsbach Acquire Multifamily Property In Newton, MA For $1.55M
116-118 Elgin Street, Newton, Newton Centre, Massachusetts, USA
See Similar DealsMultiFamily3,108 SF
Sold 02/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$498
Total Square Footage:3,108 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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