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

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SOLD
$1,850,000

Massachusetts

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MultiFamily4,338 SF
Sold 09/06/2023
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Property Image
SOLD

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

5 Leamington Road

See Similar Deals
MultiFamily4,338 SF
Sold 09/06/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:4,338 SF
Transaction Type:Sale

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
1 deal$1.9M volume(781) 727-6064
BROKER

Michael Rothstein
Hammond Residential Real Estate
2 deals$4.2M volume(617) 470-3165
BROKER

Details

SOLD
IMAGE: Michael Rothstein & David Silen DATE: 09/06/2023 ADDRESS: 5 Leamington Road MARKET: Brighton, MA ASSET TYPE: Multifamily BUYER'S REP: David Silen (@DavidJ.Silen) - 117 Realty SELLER'S REP: Michael Rothstein (@MichaelRothstein) - Hammond Residential Real Estate (@HammondChestnutHill) SALE PRICE: $1,850,000 SF: 4,338 ~ PPSF: $426 NOTE: A multifamily property located at 5 Leamington Road in Brighton, MA, was sold for $1,850,000. The transaction, facilitated by David Silen of 117 Realty and Michael Rothstein of Hammond Residential Real Estate.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
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