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

Property Image
SOLD
$2,020,000
Jason Saphire
Deborah M. Gordon

Massachusetts

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MultiFamily3,624 SF
Sold 09/12/2023
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Property Image
SOLD

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

111 University Road

See Similar Deals
MultiFamily3,624 SF
Sold 09/12/2023
Jason Saphire
Deborah M. Gordon
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:3,624 SF
Transaction Type:Sale

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
Jason Saphire
5 deals$10M volume
BROKER
Deborah M. Gordon
Coldwell Banker
Deborah M. Gordon
2 deals$3.2M volume(617) 974-0404
BROKER

Details

SOLD
IMAGE: Jason Saphire & Deborah M. Gordon DATE: 09/12/2023 ADDRESS: 111 University Road MARKET: Brookline, MA ASSET TYPE: Multifamily BUYER'S REP: Jason Saphire - Saphire Hospitality, Inc. SELLER'S REP: Deborah M. Gordon (@DeborahMGordonTeam) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,020,000 SF: 3,624 ~ PPSF: $557 NOTE: A Brookline, MA multifamily property at 111 University Road was sold for $2,020,000. The property, spanning 3,624 square feet, achieved a price per square foot of $557, with Jason Saphire from Saphire Hospitality, Inc. representing the buyer and Deborah M. Gordon from Coldwell Banker representing the seller.

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

$107,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,176.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,575.83
Annual Debt Service$114,909.97