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17 East Milton Road

Brookline Multifamily Property Sold For $2.28M With Nathan Long Of Coldwell Banker As The Broker
SOLDMultiFamily

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

Nathan Long

Coldwell Banker

Broker

$6.2M

vol

3 deals

Broker

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

6.96%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93