Preservation Properties Acquires Multifamily Property In Newton, MA For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily3,509 SF
Sold 11/12/2021
SOLD
Preservation Properties Acquires Multifamily Property In Newton, MA For $1.25M
510 Watertown Street, Newton, Massachusetts 02460, United States
See Similar DealsMultiFamily3,509 SF
Sold 11/12/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:3,509 SF
Transaction Type:Sale
The multifamily property located at 510 Watertown St in Newton, MA has been sold for $1,250,000. The property spans 3,509 square feet, resulting in a price per square foot of $356.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 510 Watertown St, Newton, MA
- Market: Newton, MA
The buyer's representative in this transaction was Ed Lyon from Preservation Properties, while the seller's representative was Janet Edsall from Fields - Hammond Residential Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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