40 Cypress St, Newton, MA 02459
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40 Cypress St, Newton, MA 02459
40 Cypress St, Newton, MA 02459
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Katherine Kranenburg

Katherine Kranenburg

+1(617) 610-7959
$ 4,250,000
Est. payment /mo
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40 Cypress St Newton, MA 02459

15,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $283

MLS Listing ID 73551391

Year Built 2026

Annual Tax Amount $14,766

Tax Year 2026

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type 5+ Family - 5+ Units Up/Down

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.

Location

State MA

County Middlesex

Zoning MR1/MR

Direction USE GPS

Exterior

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

Total Parking Spaces 9

Garage No

Building

Lot Description Level, Sloped

Story 4

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by William Raveis R.E. & Home Services
Katherine Kranenburg

Katherine Kranenburg

Agent | License ID: 9560276

+1(617) 610-7959

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40 Cypress St