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51 Glenmont Road

Samantha Huang Of Denkar Realty Group Represents Buyer In Sale Of Multifamily Property For $1.3M
SOLDMultiFamily

Samantha Huang Of Denkar Realty Group Represents Buyer In Sale Of Multifamily Property For $1.3M

51 Glenmont Road

$1,300,000

$503/SF

Building Size

2,580 SF

Asset Type

MultiFamily

Closing

Jul 16, 2024

AI

A multi-family property located at 51 Glenmont Road in Boston, MA, was sold for $1,300,000. This asset comprises two units and offers a total square footage of 2,580. The price per unit is $650,000, while the price per square foot stands at $504. The residence includes updated interiors with hardwood floors and a landscaped yard.

Summary of transaction details:

The transaction involved two key representatives: Samantha Huang from Denkar Realty Group represented the buyer, while Chris Kostopoulos from Keller Williams represented the seller. The location near Rogers Park and Boston College enhances the property's appeal, with potential for future expansion and easy access to major routes.

Players

Chris Kostopoulos

Keller Williams Realty

Broker

$11.4M

vol

6 deals

Broker

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93