Danius Kuper Purchases Development Site From Rodney Farnsworth III In Newton For $1.9M
SOLD
$1,900,000
Massachusetts
See Similar DealsDevelopment Site4,000 SF
Sold
SOLD
Danius Kuper Purchases Development Site From Rodney Farnsworth III In Newton For $1.9M
55 Pine Grove Avenue
See Similar DealsDevelopment Site4,000 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$475
Total Square Footage:4,000 SF
Transaction Type:Sale
The transaction involves a development site located at 55 Pine Grove Avenue in Newton, MA. The property was sold for a price of $1,900,000 with a total building square footage of 10,000 and a price per building square foot of $190. The site has a total square footage of 4,000, translating to a price per square foot of $475.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Buyer: Danius Kuper
- Seller: Rodney Farnsworth III
- Broker: Jackson Wells - Harvard Real Estate
The deal includes notable individuals, with Rodney Farnsworth III acting as the seller in this transaction, while Danius Kuper is the buyer. Jackson Wells represented the transaction through Harvard Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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