Updated Dec 4, 2024
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
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
14.43%
Cash-on-Cash
-4.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93