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287 Cherry St, Newton, Mass...

Quintess Real Estate Acquires Multifamily Property In Newton, MA For $1.3M
SOLDMultiFamily

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

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.

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93