Nelson Otuechere Of NCO Realty Group Represents Buyer In $1.6M Brighton Multifamily Sale
69 Chestnut Hill Avenue
$1,600,000
$387/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Nov 21, 2024
AI
The property asset involved in this transaction is a multifamily building located at 69 Chestnut Hill Avenue in Brighton, MA. The sale price for the asset was $1,600,000. This property encompasses a total square footage of 4,125 and has a price per square foot of $387.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 69 Chestnut Hill Avenue
- Market: Brighton, MA
- Total Square Footage: 4,125
- Price per Square Foot: $387
- Buyer's Representative: Nelson Otuechere - NCO Realty Group
- Seller's Representative: Christopher Bove - Coldwell Banker
Nelson Otuechere represented the buyer in this transaction, while Christopher Bove represented the seller. Both brokers play key roles in facilitating the sale of this multifamily property, ensuring the interests of their clients were met throughout the transaction process.
Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93