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Brenda Van Der Merwe Of Hammond Residential Real Estate Acquires Land In Newton For $1.65M
SOLD
$1,650,000
Massachusetts
See Similar DealsLand
Sold 07/15/2024
SOLD
Brenda Van Der Merwe Of Hammond Residential Real Estate Acquires Land In Newton For $1.65M
2 Chapin Road
See Similar DealsLand
Sold 07/15/2024
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
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:
- Property Type: Land
- Transaction Amount: $1,650,000
- Address: Chapin Road LOT 2
- Market: Newton, MA
- Buyer's Representative: Brenda van der Merwe - Hammond Residential Real Estate
- Seller's Representative: Jayne Friedberg - Coldwell Banker
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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