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51 Brock Street

Updated Dec 4, 2024

Two-Family Multifamily Sale In Brighton Boston For $1.1M - Compass & Varano Realty Group
SOLDMultiFamily

Two-Family Multifamily Sale In Brighton Boston For $1.1M - Compass & Varano Realty Group

51 Brock Street

$1,099,000

$433/SF

Building Size

2,536 SF

Asset Type

MultiFamily

Closing

Jun 5, 2024

About this deal

AI

A two-family home located at 51 Brock Street in Brighton, Boston, was recently sold for $1,099,000. This multifamily property spans 2,536 square feet, translating to a price per square foot of $433. The transaction included two units, with each unit having an average price of $549,500. The sale presented an attractive opportunity for first-time homebuyers, builders, and investors to enhance the property's value.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,099,000
  • Units: 2
  • Price per Unit: $549,500
  • Square Footage: 2,536
  • Price per Square Foot: $433
  • Address: 51 Brock Street
  • Market: Boston, MA
  • Buyer's Rep: Matthew Diozzi - Compass
  • Seller's Rep: The Varano Realty Group - Keller Williams Realty

The buyer's representative for this transaction was Matthew Diozzi from Compass, while The Varano Realty Group from Keller Williams Realty served as the seller's representative. With the property changing ownership at $1,099,000, this deal marks a significant opportunity in the Boston real estate market for various potential stakeholders.

Players

Matthew Diozzi

Compass

Broker

$3.7M

vol

2 deals

Broker

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $433 per square foot on a published $1.1M for 2,536 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.43%

Cash-on-Cash

-4.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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