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
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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93