Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,244,700
$364/SF
MultiFamily
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Players
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