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Michael Spurr & Mark Ruane Facilitate Sale Of Newton Multifamily For $1.32M
SOLD
Massachusetts
See Similar DealsMultiFamily2,608 SF
Sold 03/21/2024
SOLD
Michael Spurr & Mark Ruane Facilitate Sale Of Newton Multifamily For $1.32M
25-27 Bennington Street
See Similar DealsMultiFamily2,608 SF
Sold 03/21/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,671.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,233.77
Annual Debt Service$74,805.25
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