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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

$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:

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

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