Updated Oct 28, 2024
Jeffery D. Strassman & Jessica E. Strassman Acquire Multifamily Property In Brighton, MA For $1.23M
34 Newcastle Rd, Boston, MA, USA
$1,225,000
$351/SF
Building Size
3,486 SF
Asset Type
MultiFamily
Closing
Jul 26, 2021
About this deal
AI
The multifamily property located at 32-34 Newcastle Rd in Brighton, MA was recently sold in a closed transaction. The property spans 3,486 square feet and was sold for a total price of $1,225,000, which equates to a price per square foot of $351.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Square Footage: 3,486
- Address: 32-34 Newcastle Rd, Brighton, MA
- Market: Brighton, MA
The seller of the property was Ginger Group Realty LLC, while the buyers were Jeffery D. Strassman and Jessica E. Strassman.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93