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10 Shailer St #12, Brooklin...

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

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

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

$2,650,000

$484/SF

Building Size

5,474 SF

Asset Type

MultiFamily

Closing

Aug 4, 2020

AI

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

Broker

$12.7M

vol

7 deals

Broker

Brookline 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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93