Updated Dec 20, 2023
The Residential Group Acquires Multifamily Property In Newton For $1.27M
9-11 Craigie Terrace, Newton, MA, USA
$1,270,000
$502/SF
Building Size
2,528 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
Located at 9-11 Craigie Ter in Newton, MA, this property is a multifamily asset that was recently sold. The transaction was facilitated by Janice Lipof from Hammond Residential Real Estate, serving as the seller's representative, and The Residential Group from William Raveis R.E. & Home Services, acting as the buyer's representative.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Square Footage: 2,528
- Price per Square Foot: $502
- Market: Newton, MA
Janice Lipof from Hammond Residential Real Estate provided valuable assistance as the seller's representative in this transaction. The Residential Group from William Raveis R.E. & Home Services served as the buyer's representative.
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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93