Red Tree Real Estate Acquires Multifamily Property In Brookline, MA
12-14 Edwin Street
$1,600,000
$416/SF
Building Size
3,845 SF
Asset Type
MultiFamily
Closing
Feb 22, 2023
AI
The multifamily asset located at 12-14 Edwin Street in Brookline, MA, has been sold for a transaction price of $1,600,000. The property comprises three units and has a total square footage of 3,845. With a price per unit of $533,333 and a price per square foot of $416, this sale involves a notable investment in the local real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 3
- Square Footage: 3,845
- Price Per Unit: $533,333
- Price Per Square Foot: $416
- Buyer: Red Tree Real Estate - Nicole Stabnikov
- Seller: Sarah McIntyre
Nicole Stabnikov represented the buyer, Red Tree Real Estate, in this real estate transaction. Sarah McIntyre acted as the seller, completing the sale on February 22, 2023.
Market 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93