Updated Oct 15, 2026
Quintess Real Estate Acquires Multifamily Property In Newton, MA For $1.3M
287 Cherry St, Newton, Massachusetts, USA
$1,300,000
$315/SF
Building Size
4,122 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
About this deal
AI
The multifamily property located at 287 Cherry St in Newton, MA was recently sold for $1,300,000. The property spans across 4,122 square feet, resulting in a price per square foot of $315. The transaction took place on December 1, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 287 Cherry St, Newton, MA
- Square Footage: 4,122
- Price per Square Foot: $315
- Date: December 1, 2021
Yanling Zeng from Quintess Real Estate represented the buyer in this transaction, while Edward Lyon from Preservation Properties represented the seller.
On the Map
$1,300,000
$315/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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93