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11 East Milton Road

Camdan Realty Sells Victorian Multifamily In Brookline For $2.08M
SOLDMultiFamily

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

Tania Cleary

Broker

$3.1M

vol

2 deals

Broker

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