Updated Dec 19, 2023
Seas The Day Realty Sells Multifamily Property In Newbury, MA For $1.8M
3 11th St, Newbury, Massachusetts, USA
$1,799,000
$577/SF
Building Size
3,116 SF
Asset Type
MultiFamily
Closing
Nov 1, 2021
About this deal
AI
A multifamily property located at 3 11th St in Newbury, MA has been sold for a price of $1,799,000. The property spans a total area of 3,116 square feet, resulting in a price per square foot of $577.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,799,000
- Date: 11/01/2021
- Address: 3 11th St, Newbury, MA
- Broker: Linda McKeehan - Seas the Day Realty
- Market: Newbury, MA
Linda McKeehan, representing Seas the Day Realty, facilitated the transaction.
The multifamily sale at 3 11th St, Newbury, Massachusetts, USA in Newbury, Massachusetts sold for $1.8M in 2021. The building is 3,116 square feet, implying about 577 per square foot on the published price. Named participants on the 3 11th St, Newbury, Massachusetts, USA sale are Linda McKeehan. This page is the Newbury, Massachusetts file for the 3 11th St, Newbury, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Newbury sit in the Market section below. Filter that Newbury multifamily set by closing date to see what else sold near 3 11th St, Newbury, Massachusetts, USA around 2021. Published consideration for 3 11th St, Newbury, Massachusetts, USA is $1.8M, dated 2021. Cite this Seas The Day Realty Sells Multifamily Property In Newbury, MA For $1.8M sale when underwriting similar multifamily product around Newbury, Massachusetts.
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Newbury MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.82%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93