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
West 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93