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415 Parker Street

Multifamily Property Sold In Newton Center, MA For $1.05M With Buyer's Rep Yong Tan & Seller's Rep Jerome Bibuld
SOLDMultiFamily

Multifamily Property Sold In Newton Center, MA For $1.05M With Buyer's Rep Yong Tan & Seller's Rep Jerome Bibuld

415 Parker Street

$1,050,000

$475/SF

Building Size

2,210 SF

Asset Type

MultiFamily

Closing

Sep 6, 2023

AI

In Newton Center, MA, a multifamily property located at 415 Parker Street was recently sold for $1,050,000. The property spans 2,210 square feet and was sold at a price per square foot of $475.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Square Footage: 2,210
  • Price per Square Foot: $475
  • Address: 415 Parker Street, Newton Center, MA
  • Market: Newton Center, MA

The buyer's representative in this transaction was Yong Tan from Central Real Estate, while the seller's representative was Jerome Bibuld from Red Tree Real Estate.

Players

Jerome Bibuld

Red Tree Real Estate

Broker

$12M

vol

7 deals

Broker

Newton Center 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93