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41-43 Summit Avenue, Brookl...

United Multi Family Sells 2-Unit Multifamily Building In Brookline, MA For $2.15M
SOLDMultiFamily

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

Nick Jasinski

Broker

$31.5M

vol

14 deals

Broker

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