Nelson Otuechere Of NCO Realty Group Represents Buyer In $1.6M Brighton Multifamily Sale
SOLD
$1,600,000
Massachusetts
See Similar DealsMultiFamily4,125 SF
Sold 11/21/2024
SOLD
Nelson Otuechere Of NCO Realty Group Represents Buyer In $1.6M Brighton Multifamily Sale
69 Chestnut Hill Avenue
See Similar DealsMultiFamily4,125 SF
Sold 11/21/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$387
Total Square Footage:4,125 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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