Updated Dec 21, 2023
The Gillach Group Acquires Multifamily Property In Brookline, MA For $3M
35 Davis Avenue, Brookline, Massachusetts, USA
$3,000,000
$599/SF
Building Size
5,001 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
A multifamily property located at 35 Davis Ave in Brookline, MA was recently sold for a price of $3,000,000. The transaction took place on June 25, 2021, and the property spans 5,001 square feet, with a price per square foot of $600. The sale was facilitated by Concierge Home Sales By the Kerzner Group - Hammond Residential Real Estate, representing the seller, and The Gillach Group - William Raveis R. E. & Home Services, representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 35 Davis Ave, Brookline, MA
- Market: Brookline, MA
- Square Footage: 5,001
- Price per Square Foot: $600
The seller's representative in the deal was Concierge Home Sales By the Kerzner Group - Hammond Residential Real Estate, while The Gillach Group - William Raveis R. E. & Home Services acted as the buyer's representative. This successful transaction highlights the involvement of key individuals and companies who played significant roles in the sale of the multifamily property at 35 Davis Ave in Brookline, MA.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93