Updated Apr 22, 2026
Mount Vernon Company Sells Multifamily Portfolio In Brighton, MA For $36 Million
61 Brighton Avenue, 81 Brighton Avenue, 83 Brighton Avenue, 87 Brighton Avenue & 6 Camelot Court
$36,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 21, 2026
About this deal
AI
A portfolio of apartment buildings located at 61–77 Brighton Avenue, 81 Brighton Avenue, 83 Brighton Avenue, 87 Brighton Avenue, 6 Camelot Court, 110 Warren Street, and 66 Chester Street in Boston, MA, was sold for $36 million. The asset type is multifamily, situated in a student-heavy area near Boston College and Boston University.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Seller: Bruce A. Percelay
- Seller's Company: Mount Vernon Company
- Market: Boston, MA
This transaction involved Bruce A. Percelay representing Mount Vernon Company in the sale of the properties along Brighton Ave., Warren St., Chester St., and Camelot Court.
On the Map
$36,000,000
MultiFamily
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Allston 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93