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41 John Street, Newton, Mas...

Red Tree Real Estate LLC Sells Multi Family Asset In Newton, MA For $2.6M
SOLDMultiFamily

Red Tree Real Estate LLC Sells Multi Family Asset In Newton, MA For $2.6M

41 John Street, Newton, Massachusetts 02459, United States & 26 John Street

$2,625,000

$249/SF

Building Size

10,506 SF

Asset Type

MultiFamily

Closing

Aug 9, 2022

AI

Red Tree Real Estate LLC has completed the sale of a multi-family property located at 41 John St & 26 John St in Newton, MA. The transaction took place on 08/10/2022.

Summary of Transaction Details

  • Property Type: Multi Family
  • Transaction Amount: $2,625,000
  • Square Footage: 5,253
  • Price per Square Foot: $500
  • Market: Newton, MA

Adam Kotkin of Red Tree Real Estate LLC represented the buyer in this transaction, while Nicole Stabnikov and Brandon Muroff, also of Red Tree Real Estate LLC, acted as the sellers.

With a sale price of $2,625,000 and a total area of 5,253 square feet, this multi-family property offers a great investment opportunity in the Newton, MA market. The transaction was facilitated by Adam Kotkin of Red Tree Real Estate LLC, who represented the buyer, and the sellers were Nicole Stabnikov and Brandon Muroff, also of Red Tree Real Estate LLC.

Players

Nicole Stabnikov

Red Tree Real Estate

Broker

$19M

vol

14 deals

Broker
RL
Red Tree Real Estate LLCBuyer

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

6.04%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93