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148 Washington Street, Brig...

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

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

148 Washington Street, Brighton, Boston, Massachusetts, USA

$1,200,000

$346/SF

Building Size

3,465 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

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

FRAME Residential

Broker

$20.7M

vol

11 deals

Broker

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93