Haosheng Zhang Acquires 2-Unit Multifamily In Newton, MA For $1.02M
212-214 Derby Street, Newton, Massachusetts 02465, United States
$1,022,000
$425/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
AI
The multifamily property located at 212-214 Derby St in Newton, MA has been sold for $1,022,000. The sale took place on March 11, 2022. The property consists of two units with a total square footage of 2,400. The price per unit was $511,000 and the price per square foot was $426.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,022,000
- Address: 212-214 Derby St, Newton, MA
- Market: Newton, MA
- Buyer: Haosheng Zhang
- Seller: Brockaway trust llc
- Broker: Craig Brody - Douglas Elliman
- Units: 2
- Square Footage: 2,400
Haosheng Zhang is the buyer of the property, while the seller is Brockaway trust llc. The broker who facilitated the transaction is Craig Brody from Douglas Elliman.
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
15.52%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93