United Multi Family Sells 2-Unit Multifamily Building In Brookline, MA For $2.15M
41-43 Summit Avenue, Brookline, Massachusetts, USA
$2,150,000
$405/SF
Building Size
5,300 SF
Asset Type
MultiFamily
Closing
Feb 11, 2021
AI
Located at 41-43 Summit Avenue in Brookline, MA, this multifamily property was recently sold for a price of $2,150,000. Covering a total area of 5,300 square feet, this property offers two beautiful condominiums after being converted from its original state. The price per square foot for this transaction was $406, with each unit being sold at a price of $1,075,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 41-43 Summit Avenue, Brookline, MA
- Market: Brookline, MA
- SF: 5,300
- PPSF: $406
- Units: 2
- PPU: $1,075,000
Nick Jasinski & Kurt Cawley were the brokers representing the parties involved in this transaction. United Multi Family, a renowned real estate company, continues to sell value-add buildings in Boston and Greater Boston, while also providing back-end sales services for condo conversion projects.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93