Updated Dec 21, 2023
Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.15M
56 Beecher Place, Newton, Massachusetts 02459, United States
$1,150,000
$352/SF
Building Size
3,262 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
A multifamily property located at 56 Beecher Pl in Newton, MA, was recently sold for $1,150,000. The property spans 3,262 square feet, resulting in a price per square foot of $353.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 56 Beecher Pl, Newton, MA
- Market: Newton, MA
The buyer was represented by Lana Lukatsky from Dream Home Realty, and the seller was represented by Glenna Gelineau from Gelineau & Associates, R.E.
The multifamily sale at 56 Beecher Place, Newton, Massachusetts 02459, United States in Newton, Massachusetts sold for $1.2M in 2021. The building is 3,262 square feet, implying about 352 per square foot on the published price. Named participants on the 56 Beecher Place, Newton, Massachusetts 02459, United States sale are Glenna Gelineau, Lana Lukatsky. This page is the Newton, Massachusetts file for the 56 Beecher Place, Newton, Massachusetts 02459, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Newton sit in the Market section below. Filter that Newton multifamily set by closing date to see what else sold near 56 Beecher Place, Newton, Massachusetts 02459, United States around 2021. Published consideration for 56 Beecher Place, Newton, Massachusetts 02459, United States is $1.2M, dated 2021. Cite this Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.15M sale when underwriting similar multifamily product around Newton, Massachusetts.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93