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203 High Street

Updated Dec 4, 2024

Saul Perlera Of Perlera Real Estate Represents Buyer In Brookline Multifamily Sale For $1.725M
SOLDMultiFamily

Saul Perlera Of Perlera Real Estate Represents Buyer In Brookline Multifamily Sale For $1.725M

203 High Street

$1,725,000

$461/SF

Building Size

3,738 SF

Asset Type

MultiFamily

Closing

Aug 16, 2024

About this deal

AI

A multifamily property located at 203 High Street in Brookline, MA, has been sold for $1,725,000. This 3-family building features a total of 3,738 square feet and includes 9 bedrooms and 3 bathrooms. The price per unit is $575,000, and the price per square foot is $461. The asset also has the potential for expansion in the large attic and is equipped with separate heating systems for each unit, as well as off-street parking.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,725,000
  • Units: 3
  • Price Per Unit: $575,000
  • Square Footage: 3,738
  • Price Per Square Foot: $461
  • Buyer's Representative: Saul Perlera - Perlera Real Estate
  • Seller's Representative: The Muncey Group - Compass

The transaction involved primary representatives from both sides, with Saul Perlera representing the buyer through Perlera Real Estate and The Muncey Group acting on behalf of the seller under Compass. The property is considered ideal for condo conversion or investment opportunities.

Players

Saul Perlera

Perlera Real Estate

Broker

$5M

vol

4 deals

Broker

Brookline MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $461 per square foot on a published $1.7M for 3,738 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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