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
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.
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