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10 Beals Street

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

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

10 Beals Street

$5,250,000

$427/SF

Building Size

12,280 SF

Asset Type

MultiFamily

Closing

Sep 18, 2023

AI

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

Marcus & Millichap

Broker

$54.6M

vol

12 deals

Broker

Machias MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93