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Robert Steinberg Acquires Multifamily Property At 278 Cabot Street Newton For $1.38M

Property Image
SOLD
$1,380,000

Massachusetts

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MultiFamily3,000 SF
Sold
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Property Image
SOLD

Robert Steinberg Acquires Multifamily Property At 278 Cabot Street Newton For $1.38M

278 Cabot Street

See Similar Deals
MultiFamily3,000 SF
Sold
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:3,000 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily residence located at 278 Cabot Street in Newton, MA. The sale price is $1,380,000, encompassing 2 units with a total square footage of 3,000, resulting in a price per unit of $690,000 and a price per square foot of $460.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,380,000
  • Units: 2
  • Square Footage: 3,000
  • Price Per Unit: $690,000
  • Price Per Square Foot: $460
  • Buyer: Robert Steinberg
  • Seller: Jeff Michaelson
  • Seller's Representative: Jackson Wells - Harvard Real Estate

This transaction brings together key individuals in the real estate market, with Robert Steinberg acquiring the property from seller Jeff Michaelson. The representation for the seller was handled by Jackson Wells from Harvard Real Estate, facilitating the deal.

Players

Jackson Wells
Harvard Real Estate
Jackson Wells
24 deals$30.4M volume
BROKER
Harvard Real Estate
Harvard Real Estate
BROKERAGE

Details

SOLD
IMAGE: Jackson Wells DATE: 7/7/2025 ADDRESS: 278 Cabot Street MARKET: Newton, MA ASSET TYPE: Multifamily BUYER: Robert Steinberg SELLER: Jeff Michaelson SELLER'S REP: Jackson Wells (@WacoWells) - Harvard Real Estate (@Harvard.Real.Estate) SALE PRICE: $1,380,000 UNITS: 2 ~ PPU: $690,000 SF: 3,000 ~ PPSF: $460

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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