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
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.
Players
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
10.01%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93