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337 Boylston Street

Updated Dec 4, 2024

Coldwell Banker Broker Sells 7.7-Acre Land Parcel In Shrewsbury For $3M
SOLDLand

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:

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

Lee Joseph

Coldwell Banker

Broker

$3M

vol

1 deal

Broker

Shrewsbury 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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