Hunter Perry Of Choose Boston Sells Development Site In Newton MA For $4,636,000
136 Hancock Street
$4,636,000
$118/SF
Building Size
39,024 SF
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, is approved for the construction of 16 townhomes. The site covers an area of 1.34 acres and has been fully permitted for development, encompassing two existing historic structures along with two new ground-up buildings. The sale was concluded at a price of $4,636,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,636,000
- Address: 136–144 Hancock Street & 169 Grove Street
- Market: Newton, MA
- Acres: 1.34
- Seller's Representative: Hunter Perry - Choose Boston
Hunter Perry of Choose Boston represented the seller in this transaction, facilitating the sale process for this notable development opportunity in Newton. The site is formerly known as the Walker Center, highlighting its historical significance within the community.
Players
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