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Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.63M

Property Image
SOLD
$1,630,000

Massachusetts

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MultiFamily3,619 SF
Sold 11/17/2021
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Property Image
SOLD

Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.63M

43/45 Floral St, Newton, Massachusetts, USA

See Similar Deals
MultiFamily3,619 SF
Sold 11/17/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:3,619 SF
Transaction Type:Sale

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.

Players

3 deals$5.8M volume
BROKER

Judy Korzenowski
2 deals$3.5M volume
BROKER

Berkshire Hathaway HomeServices
BROKERAGE

Details

SOLD
IMAGE: Judy Korzenowski DATE: 11/17/2021 ADDRESS: 43/45 Floral St MARKET: Newton, MA ASSET TYPE: Multifamily BUYER'S REP: Lana Lukatsky - Dream Home Realty SELLER'S REP: Judy Korzenowski - Berkshire Hathaway HomeServices Commonwealth Real Estate SALE PRICE: $1,630,000 SF: 3,619 ~ PPSF: $450

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$86,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,791.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,727.03
Annual Debt Service$92,724.38