Corben Equity Partners Acquires Mixed-Use Property In Needham, MA For $6.175M
SOLD
$6,175,000
+ 2
New York
See Similar DealsMixed-use20,217 SF
Sold 11/30/2022
SOLD
Corben Equity Partners Acquires Mixed-Use Property In Needham, MA For $6.175M
77 Charles Street
See Similar DealsMixed-use20,217 SF
Sold 11/30/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$305
Total Square Footage:20,217 SF
Transaction Type:Sale
The mixed-use property located at 77 Charles Street in Needham, MA has been sold in a recent transaction. The property spans 20,217 square feet and was sold for a total price of $6,175,000, resulting in a price per square foot of $305. The sale took place on November 30, 2022.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,175,000
- Address: 77 Charles Street, Needham, MA
- Market: Needham, MA
Corben Equity Partners acquired the property from Blue Hawk Investments in this transaction. The deal was facilitated by the brokers Adam Meixner, Jeremy Freid, Tyler Capecci, Jordan Sneider, and Meghan Huebner of 128 CRE.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$329,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,938.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,272.65
Annual Debt Service$351,271.80
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