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Douglas C. Yearley Jr Of Toll Brothers Acquires Development Site In Newton For $5.1M
SOLD
$5,100,000
Massachusetts
See Similar DealsDevelopment Site23,000 SF
Sold 06/24/2025
SOLD
Douglas C. Yearley Jr Of Toll Brothers Acquires Development Site In Newton For $5.1M
24 26 Hurley Place
See Similar DealsDevelopment Site23,000 SF
Sold 06/24/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$221
Total Square Footage:23,000 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 24-26 Hurley Place in Newton, MA. The sale price for the property was $5,100,000, with a total square footage of 23,000, resulting in a price per square foot of $222.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,100,000
- Address: 24-26 Hurley Place
- Market: Newton, MA
- Square Footage: 23,000
- Price per Square Foot: $222
- Buyer: Douglas C. Yearley Jr
- Company: Toll Brothers
Toll Brothers, represented by Douglas C. Yearley Jr, has acquired the property as part of a larger plan to develop over 180 residential units at the nearby site located at 528 Boylston Street.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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