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74 Elmira Street

Sean Page & Dan Demeo Close $1.23M Multifamily Sale In Brighton, Boston
SOLDMultiFamily

Sean Page & Dan Demeo Close $1.23M Multifamily Sale In Brighton, Boston

74 Elmira Street

$1,230,301

$442/SF

Building Size

2,779 SF

Asset Type

MultiFamily

Closing

Jun 17, 2024

AI

Located at 74 Elmira St in Brighton, Boston, the property is a well-maintained two-family home with hardwood floors, updated windows, and gas heating. The sale price for this multifamily asset was $1,230,301, spanning across 2,779 square feet. Situated conveniently near public transportation and local amenities, the property features driveway parking, a fenced backyard, and both units are currently leased at below-market rents.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,230,301
  • Address: 74 Elmira Street
  • Market: Boston, MA
  • Square Footage: 2,779
  • Price per Square Foot: $443

Sean Page, from Signature Page Real Estate, represented the buyer, while Dan Demeo, from Coldwell Banker, represented the seller in this transaction.

Players

Dan Demeo

Coldwell Banker

Broker

$2.3M

vol

2 deals

Broker

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.89%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93