Updated Sep 9, 2024
Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.63M
43/45 Floral St, Newton, Massachusetts, USA
$1,630,000
$450/SF
Building Size
3,619 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
About this deal
AI
Located at 43/45 Floral St in Newton, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 3,619 square feet, offering ample space for residents. The sale price for this asset was $1,630,000, resulting in a price per square foot of $450.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,630,000
- Address: 43/45 Floral St, Newton, MA
- Market: Newton, MA
Lana Lukatsky from Dream Home Realty represented the buyer in this transaction, while Judy Korzenowski from Berkshire Hathaway HomeServices Commonwealth Real Estate represented the seller. This deal showcases the expertise and professionalism of these individuals in the real estate market.
On the Map
$1,630,000
$450/SF
MultiFamily
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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
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93