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
- Property Type: MultiFamily
- Transaction Amount: $1,050,000
- Address: 235 California Street, Newton, MA
- Market: Newton, MA
- Buyer's Rep: Matthew Stevens - Stevens Property Group
- Seller's Rep: John Heaney - Success! Real Estate
The transaction involved Matthew Stevens of Stevens Property Group representing the buyer and John Heaney of Success! Real Estate representing the seller.
Players
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