Updated Mar 12, 2025
N6 Properties Acquires Development Site From Brendan H White In West Roxbury For $1.05M
1766 Centre Street
$1,050,000
$498/SF
Building Size
2,106 SF
Asset Type
Development Site
Closing
Jan 17, 2025
About this deal
AI
The development site located at 1766 Centre Street in West Roxbury, MA, has been sold for $1,050,000. The property comprises 14,000 square feet with a price per base square foot of $75. Additionally, it includes 2,106 square feet of building space with a price per square foot of $498.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,050,000
- Buyer: N6 Properties
- Seller: Brendan H White
- Broker: David Maker - Maker Capital
1766 Centre Street West Roxbury in Boston's Suburban core produced a prodigious amount of inquiries: after an expedited marketing campaign the firm chosen to eventually redevelop this parcel specializes in urban, middle-market development projects and shares the core values and commitment to the neighborhood which aligned with the custodian of the sale.
Players
West Roxbury 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93