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65 Jefferson St Newton, MA ...

Kinvarra Capital Acquires Multifamily Property In Newton, MA For $4.3M
SOLDMultiFamily

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

Justin Pepple

Fortune Realty

Broker

$44.5M

vol

13 deals

Broker
KC
Kinvarra CapitalBuyer

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