Jeffery Lee Acquires Mixed-Use Property In Newton, MA For $3.15M
SOLD
$3,150,000
Massachusetts
See Similar DealsMixed-use13,240 SF
Sold 11/03/2023
SOLD
Jeffery Lee Acquires Mixed-Use Property In Newton, MA For $3.15M
447 Centre Street
See Similar DealsMixed-use13,240 SF
Sold 11/03/2023
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$237
Total Square Footage:13,240 SF
Transaction Type:Sale
A mixed-use property located at 447 Centre Street in Newton, MA has recently been sold for a total price of $3,150,000. The property spans 13,240 square feet, resulting in a price per square foot of $238. The transaction took place on 11/03/2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Address: 447 Centre Street, Newton, MA
- Square Footage: 13,240 SF
- Price per Square Foot: $238
- Market: Newton, MA
The buyer of the property is Jeffery Lee, while the seller is Hibib Aminipour. Representing the buyer is Dimitri Petrosian from Elevated Realty, and representing the seller are Ryan Taylor and Brayden Haney from Fortune Realty.
NOTE: No additional information is available about the transaction.Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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