Updated Dec 4, 2024
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
Needham 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93