Updated Dec 4, 2024
Eric Glassoff Of Coldwell Banker Represents Buyer In $1.585M Sale Of Multifamily In Boston
11 Elko Street
$1,585,000
$424/SF
Building Size
3,732 SF
Asset Type
MultiFamily
Closing
Aug 8, 2024
About this deal
AI
A Victorian 2-family home at 11 Elko Street in Boston, MA, sold for $1.585 million. The property has 3,732 square feet and consists of 2 units, featuring 7 beds and 5.5 baths. The price per unit is $792,500, and the price per square foot is $425. The property was sold "as is" and offers development potential on a large lot, with proximity to transit and major routes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,585,000
- Units: 2
- Square Footage: 3,732
- Price Per Unit: $792,500
- Price Per Square Foot: $425
The buyer was represented by Eric Glassoff from Coldwell Banker, while the seller was represented by Nicole Stabnikov from Red Tree Real Estate.
On the Map
$1,585,000
$424/SF
MultiFamily
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Brighton MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.01%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93