Updated Dec 4, 2024
EXP Realty's David Li Facilitates Sale Of MultiFamily Property In Brighton, MA For $1.3M
101-103 Colborne Road
$1,300,000
$498/SF
Building Size
2,608 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
A multifamily property located at 101-103 Colborne Road in Brighton, MA, was sold for a total amount of $1.3 million. The property, with a size of 2,608 square feet, was purchased at a rate of $498 per square foot.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $1,300,000
- Location: 101-103 Colborne Road, Brighton, MA
- Market: Brighton, MA
- Buyer's Representative: David Li - EXP Realty
- Seller's Representative: Jay Liu - Jiang Hua Liu
The transaction involved David Li from EXP Realty representing the buyer and Jay Liu from Jiang Hua Liu representing the seller. This successful sale marks the collaboration between both parties, resulting in the purchase of the multifamily property at a competitive price per square foot.
On the Map
$1,300,000
$498/SF
MultiFamily
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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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93