Updated Sep 9, 2024
Red Tree Real Estate Represents Sale Of Development Site At 41 John Street In Newton, MA For $1.5M
41 John St Newton, MA 02459, USA
$1,500,000
$212/SF
Building Size
7,050 SF
Asset Type
Development Site
Closing
Mar 31, 2023
About this deal
AI
A development site located at 41 John Street in Newton, MA has been sold for $1,500,000. The property spans 7,050 square feet and has a price per square foot of $213.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Square Footage: 7,050
- Price per Square Foot: $213
The deal was facilitated by Brandon Muroff and Nicole Stabnikov of Red Tree Real Estate. They represented the buyer and seller in this transaction.
The development site sale at 41 John St Newton, MA 02459, USA in Boston, Massachusetts sold for $1.5M in 2023. The building is 7,050 square feet, implying about 212 per square foot on the published price. Brandon Muroff, Nicole Stabnikov, Red Tree Real Estate appear on the sale alongside Red Tree Real Estate. This page is the Boston, Massachusetts file for the 41 John St Newton, MA 02459, USA development site sold: pricing, party profiles, and other closed development site comps from the same Boston sit in the Market section below. Filter that Boston development site set by closing date to see what else sold near 41 John St Newton, MA 02459, USA around 2023. Published consideration for 41 John St Newton, MA 02459, USA is $1.5M, dated 2023. Cite this Red Tree Real Estate Represents Sale Of Development Site At 41 John Street In Newton, MA For $1.5M sale when underwriting similar development site product around Boston, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93