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
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
Cohasset CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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