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
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