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Matthew Harkins Of Walden Realty Group Represents Buyer In Sale Of Land In Weston For $2.375M
SOLD
$2,375,000
Massachusetts
See Similar DealsLand
Sold 08/09/2024
SOLD
Matthew Harkins Of Walden Realty Group Represents Buyer In Sale Of Land In Weston For $2.375M
50 Laurel Road
See Similar DealsLand
Sold 08/09/2024
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
The property asset located at 50 Laurel Road in Weston, MA, encompasses 1.67 acres of land. It was sold for $2,375,000, featuring a landscape with mature trees, expansive lawns, and an existing tennis court.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,375,000
- Sale Date: 08/09/2024
- Address: 50 Laurel Road
- Market: Weston, MA
- Acres: 1.67
The buyers were represented by Matthew Harkins from Walden Realty Group, while the seller was represented by The Joni Shore Group of Douglas Elliman Real Estate in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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