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Barrie Wheeler & Niko Stafford Broker Multifamily Sale In Brookline For $2.85M
SOLD
$2,850,000
Massachusetts
See Similar DealsMultiFamily4,663 SF
Sold 04/30/2024
SOLD
Barrie Wheeler & Niko Stafford Broker Multifamily Sale In Brookline For $2.85M
19 Columbia Street
See Similar DealsMultiFamily4,663 SF
Sold 04/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$611
Total Square Footage:4,663 SF
Transaction Type:Sale
A Victorian residence at 19 Columbia St, Brookline, sold for $2.85 million, featuring six beds and four baths across 4,663 square feet. The property includes a two-car garage, additional parking, and offers rental income potential or the opportunity for conversion to single-family or condominium units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Address: 19 Columbia Street
- Market: Brookline, MA
- Price per Square Foot: $611
Niko Stafford from Centre Realty Group represented the buyer, while Barrie Wheeler from Hammond Residential Real Estate represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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