Developer acquires retail building at key Brighton intersection for $1.565 million

Last Monday (August 29th, 2016), local real estate developer, investor and mortgage company owner Brian Sheehan acquired the 1,618 square foot single-story retail building located at 1608 Commonwealth Avenue in Brighton for $1.565 million as recorded in the Suffolk County Registry of Deeds. The registered grantee is 133 Marlboro Street LLC, a limited liability company managed by Sheehan incorporated to buy, sell and develop real estate. Sheehan is the Founder and Principal of EagleBridge Capital, a commercial mortgage intermediary and advisory firm headquartered in Boston.

The sale of 1608 Commonwealth Avenue to Sheehan amounts to $967 per square foot. East Boston Savings Bank provided $1.28 million in mortgage financing for Sheehan's acquisition. 1608 Washington Street last sold in 1997 for $175,000. The property is located at the corner of Commonwealth Avenue and Washington Street across from the Washington Street MBTA Green Line station. The proposed 101-105 Washington Street, Saint Gabriel's Monastery and Avalon Brighton development projects are located steps away. The following is the deed for the sale of 1608 Commonwealth Avenue:

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