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
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