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87 Crescent Road

Fisher Corporate Realty Acquires Office Building In Needham, MA For $2.55M
SOLDMultiFamily

Fisher Corporate Realty Acquires Office Building In Needham, MA For $2.55M

87 Crescent Road

$2,550,000

Building Size

Asset Type

MultiFamily

Closing

Oct 12, 2023

AI

The office property located at 87 Crescent Road in Needham, MA has been sold. The property spans 8,010 square feet and was sold at a price of $2,550,000, resulting in a price per square foot of $318. The transaction took place on October 12, 2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,550,000
  • Address: 87 Crescent Road, Needham, MA
  • Square Footage: 8,010
  • Price per Square Foot: $318

The buyer in this transaction was Fisher Corporate Realty, represented by Tim Fisher. The seller, on the other hand, was Drack Realty, represented by Joel Zimmerman. The buyer's representative was Jordan Sneider from 128 CRE, while the seller was represented by Adam Meixner, Jeremy Freid, David Linehan, Meghan Huebner, and Tyler Capecci, all from 128 CRE.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

Needham Heights MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93