Updated May 12, 2025
Corey Melkonian Of Cameron Prestige, LLC Acquires Multifamily Property In Newton, MA For $1.04M
254-256 Tremont St, Newton, Brighton, Massachusetts, USA
$1,040,000
$432/SF
Building Size
2,406 SF
Asset Type
MultiFamily
Closing
May 16, 2021
About this deal
AI
The multifamily property located at 254-256 Tremont St in Newton, MA has been sold for $1,040,000. The asset spans a total of 2,406 square feet, resulting in a price per square foot of $432.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,040,000
- Address: 254-256 Tremont St
- Market: Newton, MA
- Square Footage: 2,406
- Price per Square Foot: $432
- Seller's Representative: Harold Salant - One Call Realty
- Buyer's Representative: Corey Melkonian - Cameron Prestige, LLC
The transaction was facilitated by representatives from both sides, with Harold Salant representing the seller from One Call Realty and Corey Melkonian acting on behalf of the buyer through Cameron Prestige, LLC.
Players
Newton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Corey Melkonian to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93