Conan Sullivan And Michael Sullivan Acquire Multifamily Asset At 24 Bentley Street For $2.3M
SOLD
$2,300,000
Massachusetts
See Similar DealsMultiFamily4,800 SF
Sold
SOLD
Conan Sullivan And Michael Sullivan Acquire Multifamily Asset At 24 Bentley Street For $2.3M
24 Bentley Street
See Similar DealsMultiFamily4,800 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$479
Total Square Footage:4,800 SF
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 24 Bentley Street in Brighton, MA. The sale price was $2,300,000, and the property spans 4,800 square feet, resulting in a price per square foot of $479.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 24 Bentley Street
- Market: Brighton, MA
- Total Square Footage: 4,800
- Price Per Square Foot: $479
- Buyer: Conan Sullivan & Michael Sullivan
- Seller: Paul Platt
- Broker: Jackson Wells - Harvard Real Estate
The deal was facilitated by broker Jackson Wells, representing both the buyer and encompassing the broader negotiation aspects between Conan Sullivan, Michael Sullivan, and seller Paul Platt.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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