Updated Oct 15, 2026
Clifford Kensington Acquires Multifamily Property In Newton, MA For $1.05M
26 Playstead Road, Newton, MA, USA
$1,050,000
$362/SF
Building Size
2,896 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
The multifamily property located at 26 Playstead Road in Newton, MA has been sold for a price of $1,050,000. The property spans a total area of 2,896 square feet, translating to a price per square foot of $363.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Location: 26 Playstead Road, Newton, MA
- Market: Newton, MA
- Seller's Representative: Ed Lyon - Preservation Properties
- Buyer's Representative: Clifford Kensington - City Realty Group
The sale of this multifamily property was facilitated by Ed Lyon of Preservation Properties, representing the seller, and Clifford Kensington from City Realty Group, who represented the buyer.
On the Map
$1,050,000
$362/SF
MultiFamily
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Players
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93