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1766 Centre Street

N6 Properties Acquires Development Site From Brendan H White In West Roxbury For $1.05M
SOLDDevelopment Site

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

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

David Maker

Broker

$3M

vol

7 deals

Broker

West Roxbury Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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