Brookline Multifamily Property Sold For $2.28M With Nathan Long Of Coldwell Banker As The Broker
17 East Milton Road
$2,280,000
$464/SF
Building Size
4,911 SF
Asset Type
MultiFamily
Closing
Sep 6, 2024
AI
A three-family home located at 17 East Milton Road, Brookline, has been sold for $2,280,000. The property consists of 12 bedrooms and 5 baths, encompassed within 4,911 square feet. The price per unit is $760,000, while the price per square foot amounts to $464. notable features include large units with high ceilings and in-unit laundry facilities, presenting significant potential for investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,280,000
- Units: 3
- Square Footage: 4,911
- Price Per Unit: $760,000
- Price Per Square Foot: $464
- Date of Transaction: 09/06/2024
- Broker: Nathan Long - Coldwell Banker
The transaction was facilitated by Nathan Long representing Coldwell Banker, highlighting the involvement of a professional brokerage in the sale of this multifamily asset in the competitive Brookline market.
Players
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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93