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
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