40 Cypress St, Newton, MA 02459
- $4,250,000
- 15,000
- SqFt
- List Price
- $4,250,000
- Status
- ACTIVE
- MLS#
- 73551391
- Living Area
- 15,000
- Lot Size (Acres)
- 0.4
- Year Built
- 2026
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 Newton’s 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.
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Additional Information
- Taxes
- $14,766
- Lot Description
- Level, Sloped
- Water
- Public
- Sewer
- Public Sewer
- 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
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: O & C Homes Team from Listing Office: William Raveis R.E. & Home Services.
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