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.
15,000 Sq Ft
0.4 Private Acres Lot Size
investment
$1,231 Monthly Tax
Built in 2026
MLS/Listing ID 73551391
4 Stories
10 Units
Lot - Level
Lot - Sloped
Concrete Perimeter
Community - Golf
Community - Park
Community Pool
Community - Public Transportation
Community - Shopping
Community - Tennis Courts
Public Water
Public Sewer
Community - Walk/Jog Trails
Community - T-Station
Community - Public School
Community - Private School
Community - Medical Facility
Community - Laundromat
Community - House of Worship
Community - Highway Access
Community - Conservation Area
Community - Bike Path
TOTAL MONTHLY COST
$0
$0
$0