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371 Cherry Street

Multifamily Property At 371 Cherry Street In Newton, MA Sold For $1.25M In Deal Brokered By Maureen Kelly Fromm Of RE/MAX Preferred Properties
SOLDMultiFamily

Multifamily Property At 371 Cherry Street In Newton, MA Sold For $1.25M In Deal Brokered By Maureen Kelly Fromm Of RE/MAX Preferred Properties

371 Cherry Street

$1,250,000

$401/SF

Building Size

3,113 SF

Asset Type

MultiFamily

Closing

Sep 6, 2023

AI

A multifamily property located at 371 Cherry Street in Newton, MA, was sold for $1,250,000. The property spans 3,113 square feet and was sold at a price per square foot of $402.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Square Footage: 3,113
  • Price per Square Foot: $402
  • Address: 371 Cherry Street, Newton, MA
  • Market: Newton, MA

The sale was brokered by Maureen Kelly Fromm from RE/MAX Preferred Properties. Maureen Kelly Fromm played an instrumental role in facilitating the transaction, ensuring a successful deal between the buyer and seller.

Players

Maureen Kelly Fromm

Re/Max

Broker

$12M

vol

5 deals

Broker

West Newton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93