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
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