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.
Auburndale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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