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
Newton Lower Falls Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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