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.
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