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235 California Street

Matthew Stevens' Stevens Property Group Acquires MultiFamily Property In Newton, MA For $1.05M
SOLDMultiFamily

Matthew Stevens' Stevens Property Group Acquires MultiFamily Property In Newton, MA For $1.05M

235 California Street

$1,050,000

$456/SF

Building Size

2,300 SF

Asset Type

MultiFamily

Closing

Jan 4, 2024

AI

A multifamily property located at 235 California Street in Newton, MA, was recently sold for $1,050,000. The property has a total of 2,300 square feet, resulting in a price per square foot of $457.

Summary of transaction details

The transaction involved Matthew Stevens of Stevens Property Group representing the buyer and John Heaney of Success! Real Estate representing the seller.

Players

John Heaney

Success! Real Estate

Broker

$2.2M

vol

2 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93