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26 Playstead Road, Newton, ...

Clifford Kensington Acquires Multifamily Property In Newton, MA For $1.05M
SOLDMultiFamily

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

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.

Players

Ed Lyon

Broker

$12.1M

vol

9 deals

Broker

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