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Premier Realty Group Sells Multifamily Property In Newton, MA For $1.3M

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SOLD
$1,305,000

Massachusetts

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MultiFamily2,295 SF
Sold
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Property Image
SOLD

Premier Realty Group Sells Multifamily Property In Newton, MA For $1.3M

141 Harvard Street, Newton, Massachusetts 02460, United States

See Similar Deals
MultiFamily2,295 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$568
Total Square Footage:2295 SF
Transaction Type:Sale

The multifamily property located at 139-141 Harvard St in Newton, MA was recently sold for $1,305,000. The property spans across 2,295 square feet, resulting in a price per square foot of $569.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,305,000
  • Address: 139-141 Harvard St, Newton, MA
  • Market: Newton, MA
  • Buyer's Representative: Won Ra - Premier Realty Group
  • Seller's Representative: Julie Jun - Premier Realty Group
  • Square Footage: 2,295
  • Price per Square Foot: $569

Won Ra of Premier Realty Group represented the buyer in this transaction, while Julie Jun, also from Premier Realty Group, represented the seller.

Players

3 deals$3.6M volume
BROKER

Julie Jun
1 deal$1.3M volume
BROKER

Details

SOLD
IMAGE: 05/23/2022 ADDRESS: 139-141 Harvard St MARKET: Newton, MA ASSET TYPE: Multifamily BUYER'S REP: Won Ra - Premier Realty Group SELLER'S REP: Julie Jun - Premier Realty Group SALE PRICE: $1,305,000 SF: 2,295 ~ PPSF: $569

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,636.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,186.37
Annual Debt Service$74,236.39