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Multifamily Property In Brighton, MA Sells For $1.3M With Buyer's Rep Jing Zheng & Seller's Rep Zina Delanders
SOLD
$1,300,000
Massachusetts
See Similar DealsMultiFamily3,012 SF
Sold 08/31/2023
SOLD
Multifamily Property In Brighton, MA Sells For $1.3M With Buyer's Rep Jing Zheng & Seller's Rep Zina Delanders
57 Breck Avenue
See Similar DealsMultiFamily3,012 SF
Sold 08/31/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$431
Total Square Footage:3,012 SF
Transaction Type:Sale
A multifamily property located at 57 Breck Avenue in Brighton, MA has been successfully sold for $1.3 million. The property spans 3,012 square feet, with a price per square foot of $432.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 57 Breck Avenue, Brighton, MA
- Market: Brighton, MA
- Buyer's Representative: Jing Zheng - Keller Williams
- Seller's Representative: Zina Delanders - William Raveis Real Estate
The buyer's representative for this transaction was Jing Zheng, who represents Keller Williams. Zina Delanders, from William Raveis Real Estate, served as the seller's representative. The successful sale of this multifamily property is a significant achievement for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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