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22 Newport Street

Lin Xu Of Dream Realty Represents Buyer In $1.6M Multifamily Sale At 22 Newport Street Boston
SOLDMultiFamily

Lin Xu Of Dream Realty Represents Buyer In $1.6M Multifamily Sale At 22 Newport Street Boston

22 Newport Street

$1,600,000

$411/SF

Building Size

3,891 SF

Asset Type

MultiFamily

Closing

Aug 15, 2024

AI

The multi-family property at 22 Newport Street in Boston, MA, is a 3,891 square foot building featuring 12 beds and 6 baths. It was sold for $1,600,000, resulting in a price per square foot of $411.

Summary of transaction details:

This transaction was facilitated by Lin Xu from Dream Realty, representing the buyer, while the seller was represented by Tony Pepdjonovic from Marcus & Millichap, highlighting the involvement of key individuals in this multifamily property deal.

Players

Tony Pepdjonovic

Marcus & Millichap

Broker

$383.6M

vol

77 deals

Broker

Dorchester 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