Ally Zhang Acquires Mixed-Use Asset On Beacon Street For $3.65M
SOLD
Massachusetts
See Similar DealsMixed-use7,357 SF
Sold 04/30/2024
SOLD
Ally Zhang Acquires Mixed-Use Asset On Beacon Street For $3.65M
1394 Beacon Street
See Similar DealsMixed-use7,357 SF
Sold 04/30/2024
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$496
Total Square Footage:7,357 SF
Transaction Type:Sale
The mixed-use property located at 1394 Beacon Street in Brookline, MA was sold for $3,655,000. The property spans 7,357 square feet, resulting in a price per square foot of $497.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,655,000
- Address: 1394 Beacon Street
- Market: Brookline, MA
- Buyer: Ally Zhang
- Seller: Kim Miller - Clifford Miller Inc
- Buyer's Rep: Siu Fu Lau - Compass
- Seller's Rep: Collin Bray - Century 21
- SF: 7,357
- PPSF: $497
The buyer's representative in this transaction was Siu Fu Lau from Compass, while the seller was represented by Collin Bray from Century 21.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,985.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,326.56
Annual Debt Service$207,918.78
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