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15 Greycliff Rd, St. Elizab...

Updated Dec 21, 2023

Derek Chang Acquires Multifamily Property At 15 Greycliff Rd, Brighton, MA For $1.67M
SOLDMultiFamily

Derek Chang Acquires Multifamily Property At 15 Greycliff Rd, Brighton, MA For $1.67M

15 Greycliff Rd, St. Elizabeth's, Boston, MA, USA

$1,670,000

$511/SF

Building Size

3,267 SF

Asset Type

MultiFamily

Closing

May 13, 2021

About this deal

AI

Located in Brighton, MA, the multifamily property at 15 Greycliff Rd has recently been sold in a closed transaction. The sellers, Kam M. Chou and Yuet K. Chou, handed over the property to the buyer, Derek Chang, on May 14, 2021. The sale price for this property was $1,670,000, and it spans across 3,267 square feet. This amounts to a price per square foot of $511.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,670,000
  • Address: 15 Greycliff Rd, Brighton, MA

In this deal, Derek Chang represented himself as the buyer, while Kam M. Chou and Yuet K. Chou were the sellers. The transaction showcases the active real estate market in Brighton, MA. With its desirable location and size, this multifamily property attracted significant attention, resulting in a successful sale.

Players

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $511 per square foot on a published $1.7M for 3,267 square feet (2021).

Browse Brighton multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.50%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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