Van Kahoussi Acquires Brookline Multifamily For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily3,014 SF
Sold 12/22/2022
SOLD
Van Kahoussi Acquires Brookline Multifamily For $1.35M
25 Mason Terrace
See Similar DealsMultiFamily3,014 SF
Sold 12/22/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$447
Total Square Footage:3,014 SF
Transaction Type:Sale
A multifamily property located at 25 Mason Terrace in Brookline, MA has been sold for a price of $1,350,000. The property consists of two units, with each unit having a per unit price of $675,000. The total square footage of the property is 2,054, making the price per square foot $657.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 25 Mason Terrace, Brookline, MA
- Market: Brookline, MA
- Units: 2
- Price Per Unit: $675,000
- Square Feet: 2,054
- Price Per Square Foot: $657
The buyer of the property is Van Kahoussi, while the seller is Michelle Lapointe. The transaction was facilitated by brokers Anthony Coppola and Karen Nickel from Hammond Residential Real Estate - Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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