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10 Bigelow Street

Peter Racheotes Of Rock Hill Residential Group Sells Multifamily Property In Boston For $1.085M
SOLDMultiFamily

Peter Racheotes Of Rock Hill Residential Group Sells Multifamily Property In Boston For $1.085M

10 Bigelow Street

$1,085,000

$341/SF

Building Size

3,179 SF

Asset Type

MultiFamily

Closing

Jun 28, 2024

AI

The property at 10 Bigelow St, Boston, MA 02135, was sold for $1,085,000. This multifamily asset located in Oak Square, Brighton, consists of two large units and includes a 2-car detached garage. Positioned conveniently near public transportation, this property offers potential for developers and investors, boasting historic charm and spacious living spaces across 3,179 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,085,000
  • Units: 2
  • Price Per Unit: $542,500
  • Square Footage: 3,179
  • Price Per Square Foot: $341
  • Market: Boston, MA

Peter Racheotes from Rock Hill Residential Group represented the parties in the transaction for the sale of 10 Bigelow Street in Boston, MA. As the broker overseeing the deal, Racheotes facilitated the successful negotiation and closing of this significant property transaction.

Players

Peter Racheotes

Rock Hill Residential Group

Broker

$4.5M

vol

2 deals

Broker

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.62%

Cash-on-Cash

-4.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93