40 Cypress St, Newton, MA 02459
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$4,250,000
10 Unit
0 Beds
0 Baths
15000 SQFT
0.40 Acre

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.

Property Details tap to expand

Building Information

  • Total Units: 10
  • Total Floors: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, Walk/Jog Trails

Financial

  • APOD Available: No

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No

Unit 2 Description

  • Under Lease: No

Construction

  • Year Built: 2026
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73551391
  • Last Updated: 07/17/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/17/2026New$4,250,000$283MLSPIN
07/17/2026New$4,250,000MLSPIN

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Seller's Representative: O & C Homes Team, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-07-17 09:58:00