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
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