Updated Dec 20, 2023
Gibson Sotheby's Represents $2.5M Sale Of Land In Needham, MA
1180 Great Plain Avenue, Needham, Massachusetts 02492, United States
$2,500,000
Building Size
—
Asset Type
—
Closing
Jun 9, 2022
About this deal
AI
The recently closed property transaction in Needham, MA involved the sale of a land asset located at 1180 Great Plain Ave. The transaction took place on 06/10/2022 and was facilitated by Team Pearlstein from Gibson Sotheby's International Realty. The sale price for this land was $2,500,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,500,000
- Address: 1180 Great Plain Ave, Needham, MA
- Market: Needham, MA
- Broker: Team Pearlstein - Gibson Sotheby's International Realty
This transaction involved the sale of a land asset in Needham, MA. The deal was successfully executed on 06/10/2022 with a sale price of $2,500,000. Team Pearlstein from Gibson Sotheby's International Realty played a key role as the broker in facilitating this transaction.
Players
Needham CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93