Red Tree Real Estate Represents Sale Of Development Site At 41 John Street In Newton, MA For $1.5M
SOLD
$1,500,000
Massachusetts
See Similar DealsDevelopment Site7,050 SF
Sold 03/31/2023
SOLD
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
See Similar DealsDevelopment Site7,050 SF
Sold 03/31/2023
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$212
Total Square Footage:7,050 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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