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29 Crafts St, Newton, MA, 0...

Capasso Realty Purchases Property At 29 Crafts St Newton For $13.9M With Newmark Representation
SOLD

Capasso Realty Purchases Property At 29 Crafts St Newton For $13.9M With Newmark Representation

29 Crafts St, Newton, MA, 02458

$13,900,000

$208/SF

Building Size

66,825 SF

Asset Type

Closing

Nov 19, 2023

AI

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.

Players

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker

Newton 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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93