Jay Terada Acquires Multifamily Property In Brookline, MA For $3.1M
SOLD
$3,125,000
Massachusetts
See Similar DealsMultiFamily3,586 SF
Sold 03/01/2023
SOLD
Jay Terada Acquires Multifamily Property In Brookline, MA For $3.1M
43 Ackers Ave
See Similar DealsMultiFamily3,586 SF
Sold 03/01/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$871
Total Square Footage:3,586 SF
Transaction Type:Sale
This multifamily property located at 43 Ackers Ave in Brookline, MA has been sold. The property spans a total of 3,586 square feet, with a price per square foot of $871. The sale took place on 03/01/2023, and the transaction amount was $3,125,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,125,000
- Square Footage: 3,586
- Price per Square Foot: $871
- Address: 43 Ackers Ave, Brookline, MA
- Market: Brookline, MA
The buyer of the property is Jay Terada from Coldwell Banker Realty - Brookline. The seller's representative for this transaction is Michele Friedler Team from Hammond Residential Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,102.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,814.09
Annual Debt Service$177,769.13
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