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Northern Bank Sells Development Site At 1717 Hyde Park Avenue For $6.8 Million
SOLD
$6,800,000
Massachusetts
See Similar DealsDevelopment Site
Sold 03/31/2025
SOLD
Northern Bank Sells Development Site At 1717 Hyde Park Avenue For $6.8 Million
1717 Hyde Park Avenue
See Similar DealsDevelopment Site
Sold 03/31/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Sale
The development site located at 1717 Hyde Park Avenue in the Hyde Park market was sold by Northern Bank for a total price of $6,800,000.00. This transaction marks a significant event in the development sector of the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,800,000.00
- Sale Date: 03/31/2025
- Seller: Northern Bank
- Address: 1717 Hyde Park Avenue
- Market: Hyde Park
Key individuals involved in the transaction include representatives from Northern Bank, who facilitated the sale of the property, ensuring a smooth transaction process. Details regarding the buyer's representation or additional parties involved in the transaction are not specified.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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