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373 Lexington Street

Simon Chan Acquires Development Site In Newton MA From Jon B Hollingsworh For $1.35M
SOLDDevelopment Site

Simon Chan Acquires Development Site In Newton MA From Jon B Hollingsworh For $1.35M

373 Lexington Street

$1,350,000

$450/SF

Building Size

3,000 SF

Asset Type

Development Site

Closing

Mar 1, 2026

AI

This development site is located at 373 Lexington Street, Newton, MA. The property was sold for $1,350,000, covering a total area of 3,000 square feet, which equates to a price per square foot of $450.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,350,000
  • Address: 373 Lexington Street
  • Market: Newton, MA
  • Square Footage: 3,000
  • Price Per Square Foot: $450
  • Buyer: Simon Chan
  • Seller: Jon B Hollingsworh
  • Broker: Jackson Wells - Harvard Real Estate

The transaction involved Simon Chan as the buyer, while Jon B Hollingsworh acted as the seller. Jackson Wells represented the buyer in this deal through Harvard Real Estate.

Players

Jackson Wells

Harvard Real Estate

Broker

$30.4M

vol

24 deals

Broker

Auburndale 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93