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

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SOLD
$1,315,000

Massachusetts

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MultiFamily2,608 SF
Sold 03/21/2024
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Property Image
SOLD

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

25-27 Bennington Street

See Similar Deals
MultiFamily2,608 SF
Sold 03/21/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$504
Total Square Footage:2,608 SF
Transaction Type:Sale

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
3 deals$3.8M volume
BROKER

Mark Ruane
Mgs Group Real Estate
2 deals$2.6M volume(508) 612-6217
BROKER

Details

SOLD
IMAGE: Michael Spurr & Mark Ruane DATE: 03/21/2024 ADDRESS: 25-27 Bennington Street MARKET: Newton, MA ASSET TYPE: Multifamily BUYER'S REP: Michael Spurr - Keller Williams Pacific Estates SELLER'S REP: Mark Ruane (@MRuane8295) - Mgs Group Real Estate (@MgsGroupRealEstate) SALE PRICE: $1,315,000 UNITS: 2 ~ PPU: $657,500 SF: 2,608 ~ PPSF: $504 NOTE: 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.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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