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101 High Street

Giorgio Petruzziello Acquires Development Site At 101 High Street Westwood For $2.22M
SOLDDevelopment Site

Giorgio Petruzziello Acquires Development Site At 101 High Street Westwood For $2.22M

101 High Street

$2,220,000

Building Size

Asset Type

Development Site

Closing

May 20, 2025

AI

101 High Street is a development site located in Westwood, MA. The property was sold for a total of $2,220,000. It serves as a noteworthy investment opportunity in the local market.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,220,000
  • Buyer: Giorgio Petruzziello
  • Broker: Greg Martin - Move Forward Real Estate
  • Date of Sale: 5/21/2025
  • Market: Westwood, MA

Giorgio Petruzziello is the buyer in this transaction, represented by Greg Martin from Move Forward Real Estate, who facilitated the sale. This transaction demonstrates the collaboration between the buyer and broker in navigating the development site market.

Players

Greg Martin

Move Forward Real Estate

Broker

$4.3M

vol

5 deals

Broker
Move Forward Real Estate
Move Forward Real EstateBrokerage

Westwood Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.15%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93