Premier Realty Group Sells Multifamily Property In Newton, MA For $1.3M
SOLD
Massachusetts
See Similar DealsMultiFamily2,295 SF
Sold
SOLD
Premier Realty Group Sells Multifamily Property In Newton, MA For $1.3M
141 Harvard Street, Newton, Massachusetts 02460, United States
See Similar DealsMultiFamily2,295 SF
Sold
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.
Details
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Deal Type
30 years
10 years
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
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