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Berkeley Investments Acquires MultiFamily Property In Brighton, MA For $8.4M

Property Image
SOLD
$8,431,916
Julie Regan
Kevin Jones
+ 4

Massachusetts

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MultiFamily99,660 SF
Sold 05/08/2023
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Property Image
SOLD

Berkeley Investments Acquires MultiFamily Property In Brighton, MA For $8.4M

44 Soldiers Field Pl Boston, MA 02135, USA

See Similar Deals
MultiFamily99,660 SF
Sold 05/08/2023
Julie Regan
Kevin Jones
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$84
Total Square Footage:99,660 SF
Transaction Type:Sale

The multi-family property located at 44 Soldiers Field Place in Brighton, MA has been sold for a price of $8,431,916. Spanning across 99,660 square feet, the property was sold at an average price per square foot of $85. The transaction took place on May 8, 2023.

Summary of transation details

The deal was facilitated by brokers Jonathan Bryant, Christopher Sower, Bruce Lusa, John Flaherty, Kevin Jones, Julie Regan, and Mary VanNatta of Cushman & Wakefield. They played a crucial role in connecting the buyer, Berkeley Investments, with the seller, The Ballas Group.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

BUYER

Details

SOLD
IMAGE: Jonathan Bryant, Christopher Sower, Bruce Lusa, John Flaherty, Kevin Jones, Julie Regan & Mary VanNatta DATE: 05/08/2023 ADDRESS: 44 Soldiers Field Place MARKET: Brighton, MA ASSET TYPE: MultiFamily BUYER: Berkeley Investments SELLER: The Ballas Group BROKERS: Jonathan Bryant (@Jay_Bry1), Christopher Sower (@CSower1), Bruce Lusa, John Flaherty (@J_Flaherty5), Kevin Jones (@KmJones004), Julie Regan & Mary VanNatta - Cushman & Wakefield (@CushWake) SALE PRICE: $8,431,916 SF: 99,660 ~ PPSF: $85

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

$449,702.19

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,956.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,971.58
Annual Debt Service$479,659.00