Updated Sep 5, 2024
Multifamily Property On Cherry Street In Newton, MA Sold For $1.22M With Cynthia Lanciloti As The Broker
64-66 Cherry Street Newton, MA 02465, USA
$1,220,000
$491/SF
Building Size
2,484 SF
Asset Type
MultiFamily
Closing
Aug 18, 2023
About this deal
AI
A multifamily property located at 64-66 Cherry Street in Newton, Massachusetts has been sold for a total price of $1,220,000. This transaction involved a property with a total square footage of 2,484 and a price per square foot of $491.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 64-66 Cherry Street, Newton, MA
- Market: Newton, MA
- Broker: Cynthia Lanciloti - Kraft Fine Homes
- Square Footage: 2,484
- Price per Square Foot: $491
The sale was facilitated by broker Cynthia Lanciloti of Kraft Fine Homes. She played a crucial role in representing the buyer and seller during the transaction, ensuring that both parties reached a satisfactory agreement.
West 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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93