Updated Mar 5, 2026
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
About this deal
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.
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