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
Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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