Clifford Kensington Acquires Multifamily Property In Newton, MA For $1.05M
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily2,896 SF
Sold 01/29/2021
SOLD
Clifford Kensington Acquires Multifamily Property In Newton, MA For $1.05M
26 Playstead Road, Newton, MA, USA
See Similar DealsMultiFamily2,896 SF
Sold 01/29/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:2,896 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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