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11 Elko Street

Eric Glassoff Of Coldwell Banker Represents Buyer In $1.585M Sale Of Multifamily In Boston
SOLDMultiFamily

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

Eric Glassoff

Coldwell Banker

Broker

$6.7M

vol

3 deals

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

10.01%

Cash-on-Cash

-2.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93