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Matthew Stevens' Stevens Property Group Acquires MultiFamily Property In Newton, MA For $1.05M
SOLD
Massachusetts
See Similar DealsMultiFamily2,300 SF
Sold 01/04/2024
SOLD
Matthew Stevens' Stevens Property Group Acquires MultiFamily Property In Newton, MA For $1.05M
235 California Street
See Similar DealsMultiFamily2,300 SF
Sold 01/04/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$456
Total Square Footage:2,300 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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