Updated Dec 21, 2023
Compass Brokers Sell 1.01 Acre Land In Needham, MA For $1.3M
203 Country Way, Needham, Massachusetts, USA
$1,277,000
$29/SF
Building Size
43,996 SF
Asset Type
Development Site
Closing
Mar 14, 2021
About this deal
AI
Located at 203 Country Way in Needham, MA, this recently sold property is an expansive piece of land spanning 1.01 acres. The transaction was facilitated by Compass brokers Alexandra Townsend and Lena Voloshin.
Summary of transaction details:
- Property Type: Land
- Date: 03/15/2021
- Sale Price: $1,277,000
- Acres: 1.01
- Price per Acre: $1,264,356
- Market: Needham, MA
Alexandra Townsend and Lena Voloshin from Compass played a significant role in the successful completion of this transaction between the buyer and the seller. They represented their respective clients, demonstrating their expertise and negotiating skills.
Players
Needham 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
12.42%
Cash-on-Cash
-3.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93