Updated Oct 28, 2024
PhilMor Real Estate Investments Acquires Multifamily Property In Brighton, MA For $14M
26 Hichborn Street, Brighton, Massachusetts, USA
$14,000,000
$329/SF
Building Size
42,544 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
About this deal
AI
A multifamily property located at 26 Hichborn St in Brighton, MA has been sold for a total price of $14,000,000. The property spans 42,544 square feet, resulting in a price per square foot of $329. This asset consists of 23 units, with a price per unit of $608,696.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Address: 26 Hichborn St, Brighton, MA
- Market: Brighton, MA
The buyer of this property is PhilMor Real Estate Investments, represented by Phillip Bakalchuk and Morgan Hanlon.
This transaction was completed on 04/28/2021, as evidenced by the post shared via Instagram by Phillip Bakalchuk & Morgan Hanlon.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93