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Phoenix Real Estate Partners Acquires Multifamily Property In Brookline, MA For $1.9M
SOLD
$1,915,000
Massachusetts
See Similar DealsMultiFamily3,543 SF
Sold 06/06/2024
SOLD
Phoenix Real Estate Partners Acquires Multifamily Property In Brookline, MA For $1.9M
41-43 White Place
See Similar DealsMultiFamily3,543 SF
Sold 06/06/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$540
Total Square Footage:3,543 SF
Transaction Type:Sale
A multifamily property located at 41-43 White Place in Brookline, MA, was recently sold for $1,915,000. This property consists of 3 units, with a total square footage of 3,543, resulting in a price per unit of $638,333 and a price per square foot of $541.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,915,000
- Units: 3
- Square Footage: 3,543
- Price Per Unit: $638,333
- Price Per Square Foot: $541
- Address: 41-43 White Place, Brookline, MA
- Market: Brookline, MA
- Buyer's Representative: Phoenix Real Estate Partners
- Seller's Representative: Carleton Ashley - Compass
The sale of the multifamily property at 41-43 White Place in Brookline, MA, for $1,915,000 was made possible through the representation of the buyer by Phoenix Real Estate Partners and Carleton Ashley of Compass representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,803.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,078.08
Annual Debt Service$108,936.92
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