Updated Dec 20, 2023
Dick J Lee Acquires Multifamily Property In Newton, MA For $1.28M
30-32 Orchard Avenue, Newton, Massachusetts, USA
$1,280,000
$472/SF
Building Size
2,712 SF
Asset Type
MultiFamily
Closing
Jan 19, 2021
About this deal
AI
Located at 30-32 Orchard Avenue in Newton, MA, this multifamily property was recently sold for a sale price of $1,280,000. The asset consists of 2 units with a total square footage of 2,712. Each unit was sold for an average of $640,000, equating to a price per square foot of $472.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Units: 2
- Square Footage: 2,712
- Price per Square Foot: $472
- Address: 30-32 Orchard Avenue, Newton, MA
- Seller's Rep: LaBranche Team - Coldwell Banker Realty Newton
- Buyer's Rep: Dick J Lee - Exp Realty
The sale of this property was facilitated by the LaBranche Team from Coldwell Banker Realty Newton, representing the seller, and Dick J Lee from Exp Realty, representing the buyer.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93