Updated Aug 26, 2026
Jonathan Hueber Of Crosspoint Associates Acquires Retail Asset In Newton For $8.5M
259-275 Centre St
$8,500,000
$447/SF
Building Size
19,000 SF
Asset Type
Retail
Closing
Aug 19, 2026
About this deal
AI
This retail asset, located at 259-275 Centre Street in Newton, MA, comprises a total square footage of 19,000. The sale was completed for a total amount of $8,500,000, translating to a price per square foot of $447.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Sale Date: 08/19/2026
- Buyer: Jonathan Hueber - Crosspoint Associates
- Seller: Knapp Family
- Buyer's Representative: Dodge Tucker, Leroy Wallace & Teresa Venuti - Tucker Real Estate
The transaction involved a successful off-market sourcing strategy, with significant value-add potential through lease-up. Appreciation is extended to all participants for their roles in achieving a smooth sale process.
Players
Newton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93