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Red Tree Real Estate Acquires Brookline Multifamily Property For $2.65M

Property Image
SOLD
$2,650,000

Florida

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MultiFamily5,474 SF
Sold 08/04/2020
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Property Image
SOLD

Red Tree Real Estate Acquires Brookline Multifamily Property For $2.65M

10 Shailer St #12, Brookline, Ma 02446, Usa

See Similar Deals
MultiFamily5,474 SF
Sold 08/04/2020
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$484
Total Square Footage:5,474 SF
Transaction Type:Sale

Located at 10-12 Shailer Street in Brookline, MA, this multifamily property was recently sold for a total of $2,650,000. Spanning an area of 5,474 square feet, the property offers ample space for its future residents. The price per square foot for this transaction was $484, indicating a fair valuation for this asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Address: 10-12 Shailer Street, Brookline, MA
  • Market: Brookline, MA

Rachel Carter, representing Hammond Residential Real Estate, acted as the seller's representative in this deal. On the other side, Jaimi Meuse represented the buyer and worked with Red Tree Real Estate. Together, they facilitated a successful transaction for this multifamily property in Brookline.

Players

Jaimi Meuse
Red Tree Real Estate
Jaimi Meuse
7 deals$12.7M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Rachel Carter & Jaimi Meuse⁠ DATE: 08/05/2020⁠ ADDRESS: 10-12 Shailer Street⁠ MARKET: Brookline, MA⁠ ASSET TYPE: Multifamily⁠ SELLER’S REP: Rachel Carter – Hammond Residential Real Estate⁠ BUYER’S REP: Jaimi Meuse – Red Tree Real Estate⁠ SALE PRICE: $2,650,000⁠ SF: 5,474⁠ PPSF: $484⁠

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
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