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55 Pine Grove Avenue

Danius Kuper Purchases Development Site From Rodney Farnsworth III In Newton For $1.9M
SOLDDevelopment Site

Danius Kuper Purchases Development Site From Rodney Farnsworth III In Newton For $1.9M

55 Pine Grove Avenue

$1,900,000

$475/SF

Building Size

4,000 SF

Asset Type

Development Site

Closing

Jun 10, 2025

AI

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.

Players

Jackson Wells

Harvard Real Estate

Broker

$30.4M

vol

24 deals

Broker
Harvard Real Estate
Harvard Real EstateBrokerage

Newton Lower Falls 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93