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

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SOLD
$1,725,000

Massachusetts

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MultiFamily3,738 SF
Sold 08/16/2024
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Property Image
SOLD

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

203 High Street

See Similar Deals
MultiFamily3,738 SF
Sold 08/16/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:3,738 SF
Transaction Type:Sale

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
4 deals$5M volume
BROKER

Details

SOLD
IMAGE: Saul Perlera DATE: 08/16/2024 ADDRESS: 203 High Street MARKET: Brookline, MA ASSET TYPE: Multifamily BUYER'S REP: Saul Perlera - Perlera Real Estate (@Perlera.RE) SELLER'S REP: The Muncey Group - Compass (@Compass) SALE PRICE: $1,725,000 UNITS: 3 ~ PPU: $575,000 SF: 3,738 ~ PPSF: $461 NOTE: A 3-family property in Brookline sold for $1.73M, featuring 9 beds, 3 baths, and 3,738 sq ft, with potential for expansion in the large attic. The property includes separate heating systems for each unit, off-street parking, and is ideal for condo conversion or investment.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$91,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56