Kenneth Gordon Acquires Needham Heights SFR From David Tocci For $1.75M
SOLD
$1,750,000
Massachusetts
See Similar DealsSingle Family Residence4,000 SF
Sold 03/10/2022
SOLD
Kenneth Gordon Acquires Needham Heights SFR From David Tocci For $1.75M
58 Crescent Road, Needham, Massachusetts 02494, United States
See Similar DealsSingle Family Residence4,000 SF
Sold 03/10/2022
Summary
MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$437
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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