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
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 10 Beals Street, Brookline, MA
- Market: Brookline, MA
- Broker: Matthew Pierce - Marcus & Millichap
- Units: 9
- Square Footage: 12,280
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.
Machias 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93