SQUARE FEET15,000
MLS#73551391
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare development opportunity at 40 Cypress Street in Newton. This 17,000± sq. ft. lot has been subdivided through an approved ANR plan, creating two development parcels. One parcel is approved for two buildings containing six total units, while the second parcel is approved for one four-unit building, for a total of 10 units under Newtons MRT zoning. Approvals and plans currently in hand include the ANR plan filed with the Registry of Deeds, an approved MRT project through the DRT team with the order filed at the Registry, filed engineering plans, interior demolition permit, fire and sprinkler plans, and tree permit. Structural plans and building permits are expected to be delivered by closing. A significant opportunity to acquire a well-advanced Newton development project with substantial approvals already completed.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.40 Acres
Stories: 4.0
Taxes: $14,766
Year Built: 2026
Feature Descriptions
Building Area Total: 15000
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 4
Dwelling Type: 5+ Family - 5+ Units Up/Down
Lot Features: Level, Sloped
Parcel Number: M:0065 B:0019 L:0006,701582
Parking Total: 9
Rooms Total: 0
Sewer: Public Sewer
Units: 10
Water: Public
Listed By / Shown By
Listed By
Agency Name: William Raveis R.E. & Home Services
Agent Name: O & C Homes Team
Agency Phone: 617-964-1850
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 11,928.74 per month $9,458.66 Principal & Interest $1,230.50 Property Tax $1,239.58 Homeowner's Insurance
40 Cypress St | MLS# 73551391
This multi-family property located at 40 Cypress St, Newton, MA 02459 is currently listed for sale with an asking price of $4,250,000. Search Newton real estate on www.masiellogrouprealestate.com today.