Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.15M
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily3,262 SF
Sold 12/22/2021
SOLD
Dream Home Realty Acquires Multifamily Property In Newton, MA For $1.15M
56 Beecher Place, Newton, Massachusetts 02459, United States
See Similar DealsMultiFamily3,262 SF
Sold 12/22/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:3,262 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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