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

Property Image
SOLD
$4,300,000

Massachusetts

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MultiFamily8,836 SF
Sold 05/10/2023
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Property Image
SOLD

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

65 Jefferson St Newton, MA 02458, USA

See Similar Deals
MultiFamily8,836 SF
Sold 05/10/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$486
Total Square Footage:8,836 SF
Transaction Type:Sale

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
13 deals$44.5M volume(781) 307-7752
BROKER

Jessica Ye
Keller Williams Realty
2 deals$6M volume
BROKER

Ryan Taylor
Fortune Realty
41 deals$160.2M volume(774) 270-4020
BROKER

BUYER

Details

SOLD
IMAGE: Ryan Taylor, Justin Pepple & Jessica Ye DATE: 05/10/2023 ADDRESS: 65 Jefferson Street MARKET: Newton, MA ASSET TYPE: Multifamily BUYER: Kinvarra Capital SELLER: Tao Cai BUYER'S REP: Ryan Taylor (@RyKittyPur) & Justin Pepple (@TheRealest_JP) - Keller Williams SELLER'S REP: Jessica Ye - Keller Williams SALE PRICE: $4,300,000 UNITS: 6 ~ PPU: $716,667 SF: 8,836 ~ PPSF: $487

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
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