Simon Chan Acquires Development Site In Newton MA From Jon B Hollingsworh For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsDevelopment Site3,000 SF
Sold
SOLD
Simon Chan Acquires Development Site In Newton MA From Jon B Hollingsworh For $1.35M
373 Lexington Street
See Similar DealsDevelopment Site3,000 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$450
Total Square Footage:3,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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