Moshe Silber Acquires Multifamily Property From Prem Singh In Brighton For $1.44M
16 Leicester Street
$1,440,000
$334/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Apr 10, 2025
AI
The transaction involves a multifamily asset located at 16 Leicester Street in Brighton, MA. The sale price for the property was $1,440,000, and it comprises 2 units. The total square footage of the asset is 4,300 with a price per square foot of $334, and the price per unit is $720,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,440,000
- Units: 2
- Square Feet: 4,300
- Price Per Unit: $720,000
- Price Per Square Foot: $334
- Buyer: Moshe Silber
- Seller: Prem Singh
- Broker: Jackson Wells - Harvard Real Estate
The deal features Moshe Silber as the buyer and Prem Singh as the seller, facilitating the transfer through Jackson Wells, representing Harvard Real Estate in the transaction.
Brighton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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