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Northeastern Realty Group Acquires Multifamily Property In Brighton, MA For $1.2447M
SOLD
$1,244,700
Massachusetts
See Similar DealsMultiFamily3,416 SF
Sold 01/08/2024
SOLD
Northeastern Realty Group Acquires Multifamily Property In Brighton, MA For $1.2447M
42-44 Parsons Street
See Similar DealsMultiFamily3,416 SF
Sold 01/08/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$364
Total Square Footage:3,416 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,384.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,422.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,900.51
Annual Debt Service$70,806.16
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