Updated Apr 8, 2025
Sing Fat Cheung Acquires Multifamily Property From James Patrick Hughes For $1.369M In Brighton MA
32 34 Gardena Street
$1,369,000
$419/SF
Building Size
3,260 SF
Asset Type
MultiFamily
Closing
Mar 28, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 32-34 Gardena Street in Brighton, MA. It comprises 2 units within a total square footage of 3,260, and the sale price was set at $1,369,000, translating to a price per unit of $684,500 and a price per square foot of $419.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,369,000
- Units: 2
- Square Footage: 3,260
- Price Per Unit: $684,500
- Price Per Square Foot: $419
- Buyer: Sing Fat Cheung
- Seller: James Patrick Hughes
- Seller's Representative: Jackson Wells - Harvard Real Estate
- Date of Sale: 03/28/2025
Sing Fat Cheung acquired the property from James Patrick Hughes, with Jackson Wells representing the seller in this transaction. The transaction concluded on March 28, 2025.
On the Map
$1,369,000
$419/SF
MultiFamily
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Brighton 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
11.59%
Cash-on-Cash
-3.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93