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150 Gould Street, Needham, ...

Gordon's Fine Wines Acquires Mixed-Use Property In Needham, MA For $5.2M
SOLDMixed-use

Gordon's Fine Wines Acquires Mixed-Use Property In Needham, MA For $5.2M

150 Gould Street, Needham, Massachusetts 02494, United States

$5,200,000

$260/SF

Building Size

20,000 SF

Asset Type

Mixed-use

Closing

Sep 21, 2022

AI

Located at 150 Gould Street in Needham, MA, this mixed-use property has recently been sold in a closed transaction. The property spans across 20,000 square feet and offers a versatile space for both residential and commercial use. The sale of the property was facilitated by the brokerage firm 128 CRE, with Tyler Capecci, Adam Meixner, Jeremy Freid, Jordan Sneider, and Meghan Huebner representing both the buyer and the seller.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $5,200,000
  • Address: 150 Gould Street, Needham, MA
  • Market: Needham, MA

Gordon's Fine Wines of Needham acquired the property from RENCO in this transaction. The purchase price for the property was $5,200,000, resulting in a price per square foot of $260. The sale was successfully negotiated by Tyler Capecci, Adam Meixner, Jeremy Freid, Jordan Sneider, and Meghan Huebner from 128 CRE, bringing together the buyer and seller to close the deal.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

Needham Heights Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93