Updated Dec 21, 2023
Baoping Bai Acquires Multifamily Property In Brighton For $1.45M
517 Washington St, Brighton, Boston, MA, USA
$1,450,000
$340/SF
Building Size
4,260 SF
Asset Type
MultiFamily
Closing
Jul 28, 2021
About this deal
AI
Located at 517 Washington St in Brighton, MA, this multifamily property was recently sold in a transaction that took place on July 29, 2021. The property spans across 4,260 square feet, with a price per square foot of $340. It consists of three units, with each unit valued at $483,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 517 Washington St, Brighton, MA
- Market: Brighton, MA
- Seller: Daniel P. Meola
- Buyer: Baoping Bai
Daniel P. Meola served as the seller in this transaction, while Baoping Bai acted as the buyer. The deal was successfully closed with a sale price of $1,450,000.
Players
Boston 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93