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136 Hancock Street

Hunter Perry Of Choose Boston Sells Development Site In Newton MA For $4,636,000
SOLDDevelopment Site

Hunter Perry Of Choose Boston Sells Development Site In Newton MA For $4,636,000

136 Hancock Street

$4,636,000

Building Size

Asset Type

Development Site

Closing

Jun 30, 2026

AI

This development site located at 136–144 Hancock Street and 169 Grove Street in Newton, MA, spans 1.34 acres and is fully permitted for future construction. The transaction concluded at a sale price of $4,636,000 and is expected to host 16 townhomes across two existing historic structures and two new ground-up buildings.

Summary of transaction details:

The property was previously known as the Walker Center. Hunter Perry, representing the seller from Choose Boston, facilitated the transaction concerning this approved development site.

Players

Hunter Perry

Choose Boston

Broker

$4.6M

vol

1 deal

Broker

Auburndale 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

3.42%

Cash-on-Cash

-0.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93