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16 Leicester Street

Moshe Silber Acquires Multifamily Property From Prem Singh In Brighton For $1.44M
SOLDMultiFamily

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.

Players

Jackson Wells

Harvard Real Estate

Broker

$30.4M

vol

24 deals

Broker

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