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
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
12.89%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93