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77 Charles Street

Corben Equity Partners Acquires Mixed-Use Property In Needham, MA For $6.175M
SOLDMixed-use

Corben Equity Partners Acquires Mixed-Use Property In Needham, MA For $6.175M

77 Charles Street

$6,175,000

$305/SF

Building Size

20,217 SF

Asset Type

Mixed-use

Closing

Nov 30, 2022

AI

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

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker
CP
Corben Equity PartnersBuyer
BI
Blue Hawk InvestmentsSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.57%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93