Camdan Realty Sells Victorian Multifamily In Brookline For $2.08M
11 East Milton Road
$2,080,000
$460/SF
Building Size
4,515 SF
Asset Type
MultiFamily
Closing
Jun 13, 2024
AI
A historic three-family Victorian in Brookline's prime commuter-friendly location near Brookline Hills T Station sold for $2,080,000. The property features spacious units with updated kitchens, hardwood floors, central AC, and potential for expansion in the unfinished basement and attic, offering a great opportunity for condo development.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,080,000
- Units: 3
- Price per Unit: $693,333
- Square Footage: 4,515
- Price per Square Foot: $461
- Address: 11 East Milton Road
- Market: Brookline, MA
The deal involved Tania Cleary from Camdan Realty representing the buyer and Jessica Xiao Ye from Keller Williamsrepresenting the seller.
Players
Brookline 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
7.63%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93