Updated Dec 21, 2023
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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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