Capasso Realty Purchases Property At 29 Crafts St Newton For $13.9M With Newmark Representation
SOLD
$13,900,000
+ 1
Massachusetts
See Similar Deals66,825 SF
SOLD
Capasso Realty Purchases Property At 29 Crafts St Newton For $13.9M With Newmark Representation
29 Crafts St, Newton, MA, 02458
See Similar Deals66,825 SF
+ 1
Summary
MASSACHUSETTS
Price Per Square Foot:$208
Total Square Footage:66,825 SF
Transaction Type:Sale
A property located at 29 Crafts St, Newton, MA, was sold for $13,900,000.00. The transaction involved a total square footage of 66,825 in the Newton market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $13,900,000.00
- Address: 29 Crafts St, Newton, MA, 02458
- Market: Newton
- Seller's Representative: Matthew "Matt" Pullen-Newmark, Christian Brannelly-Newmark Knight Frank, Drew Nelson, Edward Maher-Newmark
- Buyer: Capasso Realty
The deal was facilitated by multiple representatives from Newmark, illustrating a collaborative approach to the transaction. The involvement of different agents highlights the dynamic nature of the real estate market in Newton.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$741,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10
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