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5 Leamington Road

117 Realty Acquires Multifamily Property In Brighton, MA For $1.85M
SOLDMultiFamily

117 Realty Acquires Multifamily Property In Brighton, MA For $1.85M

5 Leamington Road

$1,850,000

$426/SF

Building Size

4,338 SF

Asset Type

MultiFamily

Closing

Sep 6, 2023

AI

A multifamily property located at 5 Leamington Road in Brighton, MA, was sold for $1,850,000. The property encompasses 4,338 square feet and has a price per square foot of $426.

Summary of transaction details

The sale transaction of the multifamily property at 5 Leamington Road was facilitated by David Silen of 117 Realty representing the buyer and Michael Rothstein of Hammond Residential Real Estate representing the seller. Both parties played an integral role in successfully closing the deal.

Players

David J. Silen

117 Realty

Broker

$1.9M

vol

1 deal

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93