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66-68 Cushman Road

Suellen Heidorn Purchases Multifamily Property From Martin Walsh In Brighton For $1.099M
SOLDMultiFamily

Suellen Heidorn Purchases Multifamily Property From Martin Walsh In Brighton For $1.099M

66-68 Cushman Road

$1,099,000

$563/SF

Building Size

1,950 SF

Asset Type

MultiFamily

Closing

Oct 21, 2024

AI

The asset involved in this transaction is a multifamily property located at 66-68 Cushman Road in Brighton, MA. The sale was finalized for $1,099,000 and comprises 2 units within a total square footage of 1,950. The price per unit stands at $549,500, with a price per square foot of $563.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,099,000
  • Units: 2
  • SF: 1,950
  • PPU: $549,500
  • PPSF: $563
  • Buyer: Suellen Heidorn
  • Seller: Martin Walsh
  • Broker: Jackson Wells - Harvard Real Estate

This transaction involved key players in the real estate market, with Suellen Heidorn as the buyer acquiring the property from the seller, Martin Walsh. The brokerage representing this deal was Jackson Wells, affiliated with Harvard Real Estate, highlighting the role of the brokerage in facilitating the transaction.

Players

Jackson Wells

Harvard Real Estate

Broker

$30.4M

vol

24 deals

Broker

Brighton 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

14.43%

Cash-on-Cash

-4.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93