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277 Brookline Street

Updated Dec 4, 2024

Alison Borrelli & Richard Gatto Broker Multifamily Sale In Needham For $1.2M
SOLDMultiFamily

Alison Borrelli & Richard Gatto Broker Multifamily Sale In Needham For $1.2M

277 Brookline Street

$1,200,000

$487/SF

Building Size

2,460 SF

Asset Type

MultiFamily

Closing

Apr 3, 2024

About this deal

AI

A well-maintained two-family home at 277 Brookline St, Needham, MA, was sold for $1,200,000. The property offers versatile living options and easy access to nearby schools, making it a valuable asset in the community. With 2 units spanning 2,460 square feet, the sale price translates to a price per unit of $600,000 and a price per square foot of $488.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 2
  • Price per Unit: $600,000
  • Square Footage: 2,460
  • Price per Square Foot: $488
  • Address: 277 Brookline Street, Needham, MA
  • Market: Needham, MA

The sale of the two-family home at 277 Brookline Street was facilitated by Alison Borrelli from Berkshire Hathaway HomeServices and Richard Gatto from The Gatto Agency, representing the buyer and seller respectively.

Players

Richard Gatto

The Gatto Agency

Broker

$1.2M

vol

1 deal

Broker

Needham MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $487 per square foot on a published $1.2M for 2,460 square feet (2024).

Visit Berkshire Hathaway HomeServices to view all their deals.

Browse Needham multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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