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22 Oakland St, Newton, Mass...

Chuks Okoli Acquires Multifamily Property On Oakland St, Newton For $1M
SOLDMultiFamily

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

Chuks Okoli

Next Horizon Realty

Broker

$5M

vol

4 deals

Broker

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93