Chuks Okoli Acquires Multifamily Property On Oakland St, Newton For $1M
SOLD
$1,000,000
Massachusetts
See Similar DealsMultiFamily4,680 SF
Sold
SOLD
Chuks Okoli Acquires Multifamily Property On Oakland St, Newton For $1M
22 Oakland St, Newton, Massachusetts, USA
See Similar DealsMultiFamily4,680 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:4,680 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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