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Mount Vernon Company Sells Multifamily Portfolio In Brighton, MA For $36 Million

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SOLD
$36,000,000

Massachusetts

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MultiFamily
Sold 04/21/2026
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SOLD

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

See Similar Deals
MultiFamily
Sold 04/21/2026
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

3 deals$55.1M volume
SELLER

Details

SOLD
IMAGE: Bruce A. Percelay DATE: 04/21/2026 ADDRESS: 61–77 Brighton Avenue, 81 Brighton Avenue, 83 Brighton Avenue, 87 Brighton Avenue, 6 Camelot Court, 110 Warren Street & 66 Chester Street MARKET: Boston, MA ASSET TYPE: Multifamily SELLER: Bruce A. Percelay - Mount Vernon Company SALE PRICE: $36,000,000 NOTE: The Mount Vernon Company sold a portfolio of apartment buildings in Brighton for $36M, including properties along Brighton Ave., Warren St., Chester St., and Camelot Court. The buildings are located in a student-heavy area near Boston College and Boston University.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40