Updated Dec 4, 2024
John Saleh Sells MultiFamily Property In Brookline, MA For $2.5M
140 Columbia Street
$2,500,000
$580/SF
Building Size
4,310 SF
Asset Type
MultiFamily
Closing
Jun 6, 2024
About this deal
AI
A brick-building residence in Coolidge Corner, Brookline, sold for $2,500,000, offering a unique opportunity to create two condominium units or generate rental income from multiple levels. Situated near Coolidge Park and Ridley School, with convenient access to amenities and transportation including the MBTA B and C lines, the property boasts a serene location on a tree-lined street with a two-car garage and tandem parking for three additional cars.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,500,000
- Address: 140 Columbia Street
- Market: Brookline, MA
- Square Footage: 4,310
- Price per Square Foot: $580
- Broker: John Saleh - Centre Realty Group
The broker of the transaction was John Saleh from Centre Realty Group, facilitating the sale of the brick-building residence in Coolidge Corner. The property's location near Coolidge Park and the Ridley School, along with its proximity to transportation options and amenities, made it an attractive investment opportunity for potential buyers.
On the Map
$2,500,000
$580/SF
MultiFamily
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Brookline MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93