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101-103 Colborne Road

EXP Realty's David Li Facilitates Sale Of MultiFamily Property In Brighton, MA For $1.3M
SOLDMultiFamily

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

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.

Players

Jay Liu

Jiang Hua Liu

Broker

$1.3M

vol

1 deal

Broker

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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