Updated Jul 24, 2026
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $4,636,000
- Acres: 1.34
- Seller's Representative: Hunter Perry - Choose Boston
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.
On the Map
$4,636,000
Development Site
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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