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1180 Great Plain Avenue, Ne...

Updated Dec 20, 2023

Gibson Sotheby's Represents $2.5M Sale Of Land In Needham, MA
SOLD

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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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

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