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Bei Guan Acquires Multifamily Property On Washington Street In Brighton, MA For $1.2M

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SOLD
$1,200,000

Massachusetts

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MultiFamily3,465 SF
Sold 11/30/2021
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Property Image
SOLD

Bei Guan Acquires Multifamily Property On Washington Street In Brighton, MA For $1.2M

148 Washington Street, Brighton, Boston, Massachusetts, USA

See Similar Deals
MultiFamily3,465 SF
Sold 11/30/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:3,465 SF
Transaction Type:Sale

A multifamily property located at 148 Washington Street in Brighton, MA, has been sold in a recent transaction. The property consists of 2 units, with a total square footage of 3,465. The sale price for this asset was $1,200,000, resulting in a price per square foot of $346. The buyer of the property was Bei Guan, while the seller was Robert Sullivan. The buyer was represented by Ichin Huang from Upright Realty Group, and the seller was represented by Matthew Petty from Town Property Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 148 Washington Street, Brighton, MA
  • Market: Brighton, MA
  • Units: 2
  • Price per Unit: $600,000
  • Total Square Footage: 3,465
  • Price per Square Foot: $346

Bei Guan, the buyer, was represented by Ichin Huang from Upright Realty Group. On the other hand, Robert Sullivan, the seller, was represented by Matthew Petty from Town Property Group. The property sale at 148 Washington Street in Brighton, MA, provides an opportunity for both the buyer and the seller to benefit from this transaction.

Players

Matthew Petty
11 deals$20.7M volume
BROKER

Details

SOLD
IMAGE: Matthew Petty DATE: 11/30/2021 ADDRESS: 148 Washington Street MARKET: Brighton, MA ASSET TYPE: Multifamily BUYER: Bei Guan SELLER: Robert Sullivan BUYER'S REP: Ichin Huang - Upright Realty Group SELLER'S REP: Matthew Petty (@MatthewPettyRe) - Town Property Group ASKING PRICE: $1,259,000 SALE PRICE: $1,200,000 UNITS: 2 ~ PPU: $600,000 SF: 3,465 ~ PPSF: $346

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,263.34
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