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120 Northern Boulevard

Updated Dec 4, 2024

Jill Mandragouras & Lynne Hendricks Facilitate $1.225M Land Sale, Newbury, MA
SOLDLand

Jill Mandragouras & Lynne Hendricks Facilitate $1.225M Land Sale, Newbury, MA

120 Northern Boulevard

$1,225,000

Building Size

Asset Type

Land

Closing

Jun 28, 2024

About this deal

AI

A land parcel at 120 Northern Boulevard in Newbury, MA, was sold for $1.225 million. The transaction was facilitated by Jill Mandragouras of Re/Max, representing the buyer, and Lynne Hendricks of Stone Ridge Properties, representing the seller.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,225,000
  • Address: 120 Northern Boulevard
  • Market: Newbury, MA

Jill Mandragouras from Re/Max and Lynne Hendricks from Stone Ridge Properties were the respective representatives for the buyer and seller in the sale of the land parcel at 120 Northern Boulevard in Newbury, MA.

Players

Lynne Hendricks

Broker

$2.3M

vol

2 deals

Broker

Newbury Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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