Updated Dec 19, 2023
Feng Shui Realty Acquires Multifamily Property In Needham, MA For $1.05M
283 Hillside Avenue, Needham, Massachusetts 02494, United States
$1,050,000
$410/SF
Building Size
2,557 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
Located at 283 Hillside Ave in Needham, MA, this recently sold multifamily property is making waves in the market. Spanning 2,557 square feet, this versatile asset is a noteworthy addition to any investment portfolio. The property boasts a sale price of $1,050,000, resulting in a price per square foot of $411.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 283 Hillside Ave, Needham, MA
- Market: Needham, MA
- Buyer's Representative: Lisa Li - Feng Shui Realty
- Seller's Representative: The Allain Warren Group - Compass
The sale of this multifamily property at 283 Hillside Ave was facilitated by Lisa Li from Feng Shui Realty, representing the buyer. On the other side of the transaction, The Allain Warren Group, associated with Compass, acted as the seller's representative. This deal showcases the expertise and professionalism of these professionals in negotating a successful transaction.
Players
Needham Heights 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