Updated Dec 20, 2023
Jill Finkelstein & Associates Acquires Multifamily Property On Proctor St In Newton For $1.15M
11 Proctor Street, Newton, Massachusetts 02460, United States
$1,152,200
$363/SF
Building Size
3,171 SF
Asset Type
MultiFamily
Closing
Mar 6, 2022
About this deal
AI
Located at 9-11 Proctor St in Newton, MA, this multifamily property was recently sold in a closed transaction. The property spans across 3,171 square feet and was sold for a total price of $1,152,200, resulting in a price per square foot of $363.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,152,200
- Square Footage: 3,171
- Address: 9-11 Proctor St, Newton, MA
- Market: Newton, MA
Jill Finkelstein & Associates from Compass represented the buyer in this transaction, while Ashley Pohlman from Compass represented the seller.
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
13.77%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93