Red Tree Real Estate LLC Sells Multi Family Asset In Newton, MA For $2.6M
SOLD
$2,625,000
Massachusetts
See Similar DealsMultiFamily10,506 SF
Sold 08/09/2022
SOLD
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
See Similar DealsMultiFamily10,506 SF
Sold 08/09/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$249
Total Square Footage:10,506 SF
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07
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