Updated Sep 9, 2024
Michael Soboff Acquires Multifamily Property From Doctor Mansour In Newton, MA For $1.3M
93-95 Ripley Street, Newton, Massachusetts 02459, United States
$1,300,000
$573/SF
Building Size
2,268 SF
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
A multifamily property located at 93-95 Ripley Street in Newton, MA, has been sold for a total of $1,300,000. The property consists of 2 units with a price per unit of $650,000. It spans a total area of 2,268 square feet, resulting in a price per square foot of $573.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 93-95 Ripley St, Newton, MA
- Units: 2
- Price Per Unit: $650,000
- Total Square Footage: 2,268
- Price Per Square Foot: $573
The buyer of the property is Michael Soboff, while the seller is Doctor Mansour. The transaction was facilitated by Jackson Wells, representing the buyer as the broker.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93