Updated Oct 15, 2026
Demeo Realty Group Acquires Multifamily Property In Newton, MA For $1.6M
16-18 Frederick St, Newton, Massachusetts, USA
$1,600,000
$490/SF
Building Size
3,264 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
The multifamily property located at 16-18 Frederick St in Newton, MA has been sold for $1,600,000. The sale took place on November 5, 2021. The property spans 3,264 square feet, resulting in a price per square foot of $490.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 16-18 Frederick St, Newton, MA
- Market: Newton, MA
- Buyer's Rep: Demeo Realty Group - Coldwell Banker Realty - Newton
- Seller's Rep: Ed Lyon - Preservation Properties
Demeo Realty Group, representing the buyer, and Ed Lyon from Preservation Properties, representing the seller, facilitated the transaction. This deal showcases the presence of experienced real estate professionals in the Newton market.
On the Map
$1,600,000
$490/SF
MultiFamily
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Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93