Updated Dec 4, 2024
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
Brookline MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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