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

Property Image
SOLD
$1,230,301
Dan Demeo
Sean Page

Massachusetts

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MultiFamily2,779 SF
Sold 06/17/2024
the dealplayerscompscontact
Property Image
SOLD

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

74 Elmira Street

See Similar Deals
MultiFamily2,779 SF
Sold 06/17/2024
Dan Demeo
Sean Page
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$442
Total Square Footage:2,779 SF
Transaction Type:Sale

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
Dan Demeo
2 deals$2.3M volume
BROKER
Sean Page
Signature Page Real Estate
Sean Page
3 deals$3.9M volume(781) 935-3835
BROKER

Details

SOLD
IMAGE: Sean Page & Dan Demeo DATE: 06/17/2024 ADDRESS: 74 Elmira Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Sean Page - Signature Page Real Estate (@SignaturePage_RE) SELLER'S REP: Dan Demeo - Coldwell Banker (@ColdwellBanker) SALE PRICE: $1,230,301 SF: 2,779 ~ PPSF: $443 NOTE: 74 Elmira St in Brighton, Boston, sold for $1,230,301, featuring a well-maintained two-family home with hardwood floors, updated windows, and gas heating. Both units are currently leased at below-market rents and offer driveway parking and a fenced backyard, conveniently located near public transportation and local amenities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$65,616.07

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,370.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,832.25
Annual Debt Service$69,987.05