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41 John St Newton, MA 02459...

Updated Sep 9, 2024

Red Tree Real Estate Represents Sale Of Development Site At 41 John Street In Newton, MA For $1.5M
SOLDDevelopment Site

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.

Players

Nicole Stabnikov

Red Tree Real Estate

Broker

$19M

vol

14 deals

Broker

Boston Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $212 per square foot on a published $1.5M for 7,050 square feet (2023).

Visit Brandon Muroff to view all their deals.

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

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