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Multifamily Property In Brighton, MA Sold For $1.1M With Buyer's Rep And Seller's Rep

Property Image
SOLD
$1,095,000

Massachusetts

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MultiFamily5,012 SF
Sold 12/21/2023
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Property Image
SOLD

Multifamily Property In Brighton, MA Sold For $1.1M With Buyer's Rep And Seller's Rep

40 Presentation Road & 42 Presentation Road

See Similar Deals
MultiFamily5,012 SF
Sold 12/21/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$218
Total Square Footage:5,012 SF
Transaction Type:Sale

A multifamily property located at 40-42 Presentation Road in Brighton, MA has been successfully sold for $1,095,000. The transaction involved representation from Yueji Hall of Blue Ocean Realty as the buyer's representative and Matt Gorman of Edge Realty Advisors as the seller's representative. The property spans 2,506 square feet and was sold at a price per square foot of $437.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,095,000
  • Address: 40-42 Presentation Road, Brighton, MA
  • Market: Brighton, MA
  • Buyer's Representative: Yueji Hall - Blue Ocean Realty
  • Seller's Representative: Matt Gorman - Edge Realty Advisors
  • Square Footage: 2,506
  • Price per Square Foot: $437

The buyer's representative in this deal was Yueji Hall from Blue Ocean Realty. On the other hand, Matt Gorman from Edge Realty Advisors served as the seller's representative. This successful transaction highlights the expertise of these professionals in facilitating the sale of the multifamily property at 40-42 Presentation Road.

Players

YH
7 deals$11.3M volume(857) 207-7579
BROKER

Details

SOLD
IMAGE: Matt Gorman DATE: 12/21/2023 ADDRESS: 40-42 Presentation Road MARKET: Brighton, MA ASSET TYPE: Multifamily BUYER'S REP: Yueji Hall - Blue Ocean Realty SELLER'S REP: Matt Gorman - Edge Realty Advisors SALE PRICE: $1,095,000 SF: 2,506 ~ PPSF: $437 NOTE: A multifamily property at 40-42 Presentation Road in Brighton, MA, was successfully sold for $1,095,000. The transaction involved representation from Yueji Hall of Blue Ocean Realty as the buyer's representative and Matt Gorman of Edge Realty Advisors as the seller's representative, with a square footage of 2,506 and a price per square foot of $437.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,399.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,890.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,190.86
Annual Debt Service$62,290.30