Haosheng Zhang Acquires 2-Unit Multifamily In Newton, MA For $1.02M
SOLD
$1,022,000
Massachusetts
See Similar DealsMultiFamily2,400 SF
Sold 03/11/2022
SOLD
Haosheng Zhang Acquires 2-Unit Multifamily In Newton, MA For $1.02M
212-214 Derby Street, Newton, Massachusetts 02465, United States
See Similar DealsMultiFamily2,400 SF
Sold 03/11/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$425
Total Square Footage:2,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,506.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,630.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,844.80
Annual Debt Service$58,137.62
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