Kinvarra Capital Acquires Multifamily Property In Newton, MA For $4.3M
65 Jefferson St Newton, MA 02458, USA
$4,300,000
$486/SF
Building Size
8,836 SF
Asset Type
MultiFamily
Closing
May 10, 2023
AI
A multifamily property located at 65 Jefferson Street in Newton, MA has been sold for a total price of $4,300,000. The property consists of 6 units with an average price per unit of $716,667. The total square footage of the property is 8,836, resulting in a price per square foot of $487.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Address: 65 Jefferson Street
- Market: Newton, MA
- Buyer: Kinvarra Capital
- Seller: Tao Cai
- Buyer's Rep: Ryan Taylor & Justin Pepple - Keller Williams
- Seller's Rep: Jessica Ye - Keller Williams
- Units: 6
- Square Footage: 8,836
Ryan Taylor and Justin Pepple from Keller Williams represented the buyer, Kinvarra Capital, in this transaction. Jessica Ye, also from Keller Williams, represented the seller, Tao Cai. These individuals played a crucial role in facilitating the deal and ensuring a successful transaction.
Players
Boston 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93