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116 Brooks Street

Newman Properties And East Boston Management & Development Sell Multifamily Building For $1.44M
SOLDMultiFamily

Newman Properties And East Boston Management & Development Sell Multifamily Building For $1.44M

116 Brooks Street

$1,440,000

Building Size

Asset Type

MultiFamily

Closing

Jan 2, 2026

AI

116 Brooks Street is a three-story, six-unit multifamily building located in East Boston, MA, in the Eagle Hill neighborhood. The property was sold for $1,440,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,440,000
  • Seller: Newman Properties & East Boston Management & Development
  • Broker: John Pentore - Horvath & Tremblay
  • Date of Transaction: 01/02/2026
  • Address: 116 Brooks Street
  • Market: East Boston, MA

John Pentore from Horvath & Tremblay represented the transaction for the sellers, Newman Properties and East Boston Management & Development, in the sale of the property.

Players

John Pentore

Horvath & Tremblay

Broker

$580.6M

vol

100 deals

Broker
Newman Properties
Newman PropertiesSeller

East Boston 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

11.02%

Cash-on-Cash

-3.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93