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:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Address: 110 Leicester Street
- Market: Brighton, MA
- Buyer: Leicester Leicester
- Seller: Mirtha Sotomayor
- Buyer's Representative: Jackson Wells - Harvard Real Estate
- Seller's Representative: Mitchel Bernstein - Coldwell Banker
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
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