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25-27 Bennington Street

Michael Spurr & Mark Ruane Facilitate Sale Of Newton Multifamily For $1.32M
SOLDMultiFamily

Michael Spurr & Mark Ruane Facilitate Sale Of Newton Multifamily For $1.32M

25-27 Bennington Street

$1,315,000

$504/SF

Building Size

2,608 SF

Asset Type

MultiFamily

Closing

Mar 21, 2024

AI

A two-unit fully leased home in Newton, MA, located at 25-27 Bennington St, was sold for $1,315,000, offering four beds, two baths, and 2,608 square feet of space.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,315,000
  • Units: 2
  • Price Per Unit: $657,500
  • Square Footage: 2,608
  • Price Per Square Foot: $504
  • Address: 25-27 Bennington Street
  • Market: Newton, MA

Michael Spurr from Keller Williams Pacific Estates was the buyer's representative, while Mark Ruane represented the seller under the Mgs Group Real Estate.

Players

Michael Spurr

Keller Williams Realty

Broker

$3.8M

vol

3 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

12.06%

Cash-on-Cash

-3.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93