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58 Crescent Road, Needham, ...

Kenneth Gordon Acquires Needham Heights SFR From David Tocci For $1.75M
SOLDSingle Family Residence

Kenneth Gordon Acquires Needham Heights SFR From David Tocci For $1.75M

58 Crescent Road, Needham, Massachusetts 02494, United States

$1,750,000

$437/SF

Building Size

4,000 SF

Asset Type

Single Family Residence

Closing

Mar 9, 2022

AI

The single-family home located at 58 Crescent Rd in Needham Heights, MA was recently sold in a transaction on 03/10/2022. The property spans approximately 4,000 square feet and has an address in the desirable neighborhood of Needham Heights. The sale price for this property was $1,750,000, resulting in a price per square foot of $438.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $1,750,000
  • Address: 58 Crescent Rd, Needham Heights, MA
  • Market: Needham Heights, MA

The buyer in this transaction is Kenneth Gordon, while the seller is David Tocci. The deal was facilitated by two brokers: Craig Brody from Douglas Elliman and Adriano Varano from Varano Realty Group.

Players

Craig Brody

Douglas Elliman

Broker

$75M

vol

16 deals

Broker

Kenneth Gordon

Buyer

$2.9M

vol

2 deals

Buyer

Needham Heights Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93