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111 University Road

Brookline Multifamily Property Sold For $2.02M With Buyer's Rep Jason Saphire & Seller's Rep Deborah M. Gordon
SOLDMultiFamily

Brookline Multifamily Property Sold For $2.02M With Buyer's Rep Jason Saphire & Seller's Rep Deborah M. Gordon

111 University Road

$2,020,000

$557/SF

Building Size

3,624 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

A multifamily property located at 111 University Road in Brookline, MA has been sold for a price of $2,020,000. This property spans 3,624 square feet and achieved a price per square foot of $557.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,020,000
  • Square Footage: 3,624
  • Price per Square Foot: $557
  • Address: 111 University Road, Brookline, MA
  • Market: Brookline, MA

Representing the buyer in this transaction is Jason Saphire from Saphire Hospitality, Inc. On the other hand, Deborah M. Gordon from Coldwell Banker served as the seller's representative.

Players

Jason Saphire

Saphire Hospitality

Broker

$10M

vol

5 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

7.85%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93