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Marcus & Millichap Sells Beals Street Apartments In Brookline, MA For $5.25M

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SOLD
$5,250,000

Massachusetts

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MultiFamily12,280 SF
Sold 09/18/2023
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SOLD

Marcus & Millichap Sells Beals Street Apartments In Brookline, MA For $5.25M

10 Beals Street

See Similar Deals
MultiFamily12,280 SF
Sold 09/18/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$427
Total Square Footage:12,280 SF
Transaction Type:Sale

The Beals Street Apartments, a nine-unit apartment property located at 10 Beals Street in Brookline, Massachusetts, has been sold for $5.25 million. The property offers a total of 12,280 square feet of space, with each unit averaging approximately 1,364 square feet. The sale price equates to $428 per square foot and a per-unit price of $583,333.

Summary of transaction details

Marcus & Millichap, represented by broker Matthew Pierce, facilitated the sale of the Beals Street Apartments in Brookline, Massachusetts. The transaction involved the property's unique characteristics, such as its nine residential units and a total space of 12,280 square feet. Matthew Pierce, a representative of Marcus & Millichap, played a key role in the successful completion of this real estate deal.

Players

Matthew Pierce
12 deals$54.6M volume(617) 896-7214
BROKER

Details

SOLD
IMAGE: Matthew Pierce DATE: 09/18/2023 ADDRESS: 10 Beals Street MARKET: Brookline, MA ASSET TYPE: Multifamily BROKER: Matthew Pierce - Marcus & Millichap (@MarcusMillichap) SALE PRICE: $5,250,000 UNITS: 9 ~ PPU: $583,333 SF: 12,280 ~ PPSF: $428 NOTE: Marcus & Millichap has announced the sale of Beals Street Apartments, a nine-unit apartment property in Brookline, Massachusetts, which sold for $5.25 million.

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

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14