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

Property Image
SOLD
$1,450,000
Thomas Hamilton
Frank Neer

Massachusetts

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62,387 SF
Sold
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Property Image
SOLD

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

98 Howard Gleason Road, Cohasset, Massachusetts, USA

See Similar Deals
62,387 SF
Sold
Thomas Hamilton
Frank Neer
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Price Per Square Foot:$23
Total Square Footage:62387 SF
Transaction Type:Sale

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
Frank Neer
1 deal$1.5M volume
BROKER
Thomas Hamilton
Compass
Thomas Hamilton
1 deal$1.5M volume
BROKER

Details

SOLD
IMAGE: Frank Neer DATE: 08/10/2021 ADDRESS: 98 Howard Gleason Lot 27 MARKET: Cohasset, MA ASSET TYPE: Land SELLER'S REP: Frank Neer - Coldwell Banker Realty - Cohasset BUYER'S REP: Thomas Hamilton - Compass SALE PRICE: $1,450,000 ACRES: 1.43 ~ PPA: $1,013,986

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88