Quintess Real Estate Acquires Multifamily Property In Newton, MA For $1.3M
SOLD
$1,300,000
Massachusetts
See Similar DealsMultiFamily4,122 SF
Sold 12/01/2021
SOLD
Quintess Real Estate Acquires Multifamily Property In Newton, MA For $1.3M
287 Cherry St, Newton, Massachusetts, USA
See Similar DealsMultiFamily4,122 SF
Sold 12/01/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$315
Total Square Footage:4,122 SF
Transaction Type:Sale
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.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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