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:
- Property Type: MultiFamily
- Transaction Amount: $1,300,000
- Units: 2
- Square Footage: 2,580
- Price per Unit: $650,000
- Price per Square Foot: $504
- Buyer's Representative: Samantha Huang - Denkar Realty Group
- Seller's Representative: Chris Kostopoulos - Keller Williams
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
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