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447 Centre Street

Jeffery Lee Acquires Mixed-Use Property In Newton, MA For $3.15M
SOLDMixed-use

Jeffery Lee Acquires Mixed-Use Property In Newton, MA For $3.15M

447 Centre Street

$3,150,000

$237/SF

Building Size

13,240 SF

Asset Type

Mixed-use

Closing

Nov 3, 2023

AI

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

Ryan Taylor

Fortune Realty

Broker

$160.2M

vol

41 deals

Broker

Newton 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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93