Updated Dec 21, 2023
Zhiming Fan Acquires Multifamily Property In Brighton, MA For $1.55M
20 Gerald Rd, Brighton, Boston, MA, USA
$1,550,000
$395/SF
Building Size
3,920 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
About this deal
AI
A multifamily property located at 20 Gerald Rd in Brighton, MA was recently sold for $1,550,000. The property consists of 2 units and spans across 3,920 square feet. The price per unit was $775,000 and the price per square foot was $395.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Units: 2
- Price per Unit: $775,000
- Square Feet: 3,920
- Price per Square Foot: $395
Zhiming Fan purchased the property from Joel D. Harris & Diane Harris in the transaction.
Players
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93