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Camdan Realty Sells Victorian Multifamily In Brookline For $2.08M

Property Image
SOLD
$2,080,000
Tania Cleary
Jessica Xiao Ye

Massachusetts

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MultiFamily4,515 SF
Sold 06/13/2024
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Property Image
SOLD

Camdan Realty Sells Victorian Multifamily In Brookline For $2.08M

11 East Milton Road

See Similar Deals
MultiFamily4,515 SF
Sold 06/13/2024
Tania Cleary
Jessica Xiao Ye
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:4,515 SF
Transaction Type:Sale

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

Tania Cleary
Tania Cleary
2 deals$3.1M volume
BROKER
Jessica Xiao Ye
Keller Williams Realty
Jessica Xiao Ye
1 deal$2.1M volume(617) 839-6719
BROKER

Details

SOLD
IMAGE: Jessica Xiao Ye DATE: 06/13/2024 ADDRESS: 11 East Milton Road MARKET: Brookline, MA ASSET TYPE: Multifamily BUYER'S REP: Tania Cleary - Camdan Realty (@CamdanRealty) SELLER'S REP: Jessica Xiao Ye - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $2,080,000 UNITS: 3 ~ PPU: $693,333 SF: 4,515 ~ PPSF: $461 NOTE: 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.

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

$110,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,389.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,860.26
Annual Debt Service$118,323.13