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Re/Max Unlimited Represents Buyer In $1.5M Land Sale In Newton, MA
SOLD
$1,500,000
Massachusetts
See Similar DealsLand
Sold 11/22/2023
SOLD
Re/Max Unlimited Represents Buyer In $1.5M Land Sale In Newton, MA
790 Watertown Street
See Similar DealsLand
Sold 11/22/2023
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
In Newton, MA, a land parcel at 790 Watertown Street has been sold for $1,500,000. The property is located in the market of Newton and is classified as land.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,500,000
- Address: 790 Watertown Street
- Market: Newton, MA
Steve Ward of Re/Max Unlimited acted as the buyer's representative in this transaction, while Stig Bergquist from Keller Williams Realty - Chestnut Hill represented the seller.
Please note that the above information represents the key details of the closed transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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