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Red Tree Real Estate Acquires Multifamily Property In Brookline, MA

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SOLD
$1,600,000

Massachusetts

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MultiFamily3,845 SF
Sold 02/22/2023
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Property Image
SOLD

Red Tree Real Estate Acquires Multifamily Property In Brookline, MA

12-14 Edwin Street

See Similar Deals
MultiFamily3,845 SF
Sold 02/22/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$416
Total Square Footage:3,845 SF
Transaction Type:Sale

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:

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.

Players

Nicole Stabnikov
14 deals$19M volume(617) 487-8015
BROKER

Details

SOLD
IMAGE: Nicole Stabnikov DATE: 02/22/2023 ADDRESS: 12-14 Edwin Street MARKET: Brookline, MA ASSET TYPE: Multifamily BUYER: Red Tree Real Estate (@RedTreeBoston) - Nicole Stabnikov (@NicoleStabnikov) SELLER: Sarah McIntyre SALE PRICE: $1,600,000 UNITS: 3 ~ PPU: $533,333 SF: 3,845 ~ PPSF: $416

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
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