Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,050,000
$456/SF
MultiFamily
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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