Aprilian Inc. Acquires Multifamily Property In Brookline, MA For $2.8M
SOLD
$2,800,000
Massachusetts
See Similar DealsMultiFamily6,342 SF
Sold 02/25/2021
SOLD
Aprilian Inc. Acquires Multifamily Property In Brookline, MA For $2.8M
189 Babcock Street, Brookline, MA, USA
See Similar DealsMultiFamily6,342 SF
Sold 02/25/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$441
Total Square Footage:6,342 SF
Transaction Type:Sale
The multifamily property located at 189 Babcock Street in Brookline, MA was sold for a total price of $2,800,000. The transaction took place on February 25, 2021. The property spans a total square footage of 6,342, resulting in a price per square foot of $442.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 189 Babcock Street, Brookline, MA
- Market: Brookline, MA
The seller's representative for this transaction was Christine Do from Keller Williams Realty, while the buyer's representative was the Aprilian Homes Team from Aprilian Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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