Chuks Okoli Acquires Multifamily Property On Oakland St, Newton For $1M
22 Oakland St, Newton, Massachusetts, USA
$1,000,000
$213/SF
Building Size
4,680 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
AI
The multifamily property located at 22 Oakland St in Newton, MA has been sold for $1,000,000. The property spans a total area of 4,680 square feet, resulting in a price per square foot (PPSF) of $477.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Date: 07/15/2021
- Address: 22 Oakland St, Newton, MA
- Market: Newton, MA
The seller's representative, Daniela Cafaro from Compass, facilitated the sale of the property. On the other side of the transaction, the buyer was represented by Chuks Okoli from Next Horizon Realty.
Players
Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93