Updated Dec 4, 2024
Coldwell Banker Broker Sells 7.7-Acre Land Parcel In Shrewsbury For $3M
337 Boylston Street & 345 Boylston Street
$3,000,000
Building Size
—
Asset Type
Land
Closing
May 30, 2024
About this deal
AI
A 7.7-acre parcel of land in Shrewsbury, MA, sold for $3 million, offering an exciting development opportunity. Situated in a well-established neighborhood with easy access to major highways, the property presents potential for either a 9-lot subdivision or 32 age-restricted units, providing versatility for shaping the community.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $3,000,000
- Address: 337-345 Boylston Street
- Market: Shrewsbury, MA
- Asset Type: Land
- Acres: 7.7
- Broker: Lee Joseph - Coldwell Banker
The sale of the 7.7-acre parcel of land at 337-345 Boylston Street in Shrewsbury, MA, was facilitated by Lee Joseph from Coldwell Banker, offering interested parties a promising investment opportunity in a prime location with various development possibilities.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93