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98 Howard Gleason Road, Coh...

Updated Dec 21, 2023

Coldwell Banker Realty Acquires Land In Cohasset, MA For $1.45M
SOLD

Coldwell Banker Realty Acquires Land In Cohasset, MA For $1.45M

98 Howard Gleason Road, Cohasset, Massachusetts, USA

$1,450,000

$23/SF

Building Size

62,387 SF

Asset Type

Closing

Aug 9, 2021

About this deal

AI

A 1.43-acre land located at 98 Howard Gleason Lot 27 in Cohasset, MA has been sold for a price of $1,450,000. The property was listed for sale by Frank Neer from Coldwell Banker Realty - Cohasset, and the buyer was represented by Thomas Hamilton from Compass. The land is situated in a desirable market area.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,450,000
  • Address: 98 Howard Gleason Lot 27, Cohasset, MA
  • Market: Cohasset, MA
  • Seller's Rep: Frank Neer - Coldwell Banker Realty - Cohasset
  • Buyer's Rep: Thomas Hamilton - Compass
  • Acres: 1.43
  • Price Per Acre (PPA): $1,013,986

The seller of the land, Frank Neer, is a representative from Coldwell Banker Realty - Cohasset. On the other hand, Thomas Hamilton from Compass acted as the buyer's representative in this transaction. The sale of this land represents an important milestone in the real estate market in Cohasset.

Players

Frank Neer

Coldwell Banker

Broker

$1.5M

vol

1 deal

Broker

Cohasset CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $23 per square foot on a published $1.5M for 62,387 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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