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42-44 Parsons Street

Northeastern Realty Group Acquires Multifamily Property In Brighton, MA For $1.2447M
SOLDMultiFamily

Northeastern Realty Group Acquires Multifamily Property In Brighton, MA For $1.2447M

42-44 Parsons Street

$1,244,700

$364/SF

Building Size

3,416 SF

Asset Type

MultiFamily

Closing

Jan 8, 2024

AI

A multifamily property located at 42-44 Parsons Street in Brighton, MA, was sold for $1.2447 million. The property spans 3,416 square feet, resulting in a price per square foot of $364.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,244,700
  • Address: 42-44 Parsons Street, Brighton, MA
  • Market: Brighton, MA

Maria Serna from Northeastern Realty Group represented the buyer in this transaction, while Matthew Lane of Real Estate Results served as the seller's representative. The deal was finalized on January 8, 2024.

Players

Matthew Lane

Real Estate Results

Broker

$89.4M

vol

4 deals

Broker

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

12.74%

Cash-on-Cash

-3.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93