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115 Sumner Road

Insight Realty Group Sells Multifamily Property In Brookline For $1.65M
SOLDMultiFamily

Insight Realty Group Sells Multifamily Property In Brookline For $1.65M

115 Sumner Road

$1,650,000

$608/SF

Building Size

2,712 SF

Asset Type

MultiFamily

Closing

Jun 17, 2024

AI

The property at 115 Sumner Rd in Brookline, MA, was sold for $1.65 million. It is a classic 2-family home with wood detailing, maple floors, and ample storage. Each unit offers separate utilities, in-unit laundry, and the potential for condo conversion. The property is located steps away from public transit and local amenities in Brookline.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 2
  • Price Per Unit: $825,000
  • Square Footage: 2,712
  • Price Per Square Foot: $608
  • Address: 115 Sumner Road, Brookline, MA
  • Market: Brookline, MA

The sale of 115 Sumner Rd was facilitated by Michelle Quinn from Insight Realty Group, who represented the deal. Michelle Quinn played a pivotal role in closing the transaction, showcasing expertise in the real estate market of Brookline, MA.

Players

Michelle Quinn

Insight Realty Group

Broker

$1.7M

vol

1 deal

Broker

Brookline MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93