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110 Leicester Street

Leicester Leicester Acquires Development Site At 110 Leicester Street For $1M With Jackson Wells & Mitchel Bernstein As Reps
SOLDDevelopment Site

Leicester Leicester Acquires Development Site At 110 Leicester Street For $1M With Jackson Wells & Mitchel Bernstein As Reps

110 Leicester Street

$1,000,000

$992/SF

Building Size

1,008 SF

Asset Type

Development Site

Closing

Dec 5, 2024

AI

The property involved in this transaction is a development site located at 110 Leicester Street, Brighton, MA. The sale price was $1,000,000 for a total square footage of 1,008, resulting in a price per square foot of $992.

Summary of transaction details:

Jackson Wells represented the buyer, Leicester Leicester, while Mitchel Bernstein represented the seller, Mirtha Sotomayor, in this transaction. Both representatives are affiliated with their respective real estate agencies, providing professional guidance throughout the deal.

Players

Jackson Wells

Harvard Real Estate

Broker

$30.4M

vol

24 deals

Broker

Brighton Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93