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2 Chapin Road

Brenda Van Der Merwe Of Hammond Residential Real Estate Acquires Land In Newton For $1.65M
SOLDLand

Brenda Van Der Merwe Of Hammond Residential Real Estate Acquires Land In Newton For $1.65M

2 Chapin Road

$1,650,000

Building Size

Asset Type

Land

Closing

Jul 15, 2024

AI

A 0.35-acre lot at Lot 2 Chapin Rd in Newton, MA, sold for $1,650,000. This parcel is one of two approved subdivided lots, providing a park-like setting adjacent to Newton Centre Playground and offering easy access to top local amenities.

Summary of transaction details:

This transaction involved Brenda van der Merwe representing the buyer and Jayne Friedberg representing the seller. The deal reflects the collaboration between Hammond Residential Real Estate and Coldwell Banker, highlighting their respective roles in facilitating the sale.

Players

Jayne Friedberg

Coldwell Banker

Broker

$17M

vol

5 deals

Broker

Newton Center Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93