Sobel Group Acquires Multifamily Property In Boston For $2.4M
72 East Brookline Street
$2,425,000
$842/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Sep 19, 2022
AI
The multifamily property located at 72 E Brookline St in Boston, MA has been sold for a price of $2,425,000. The property consists of 4 units with an average price per unit of $606,250. The total square footage of the property is 2,880, resulting in a price per square foot of $842.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,425,000
- Address: 72 E Brookline St, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Joshua Sipple - Sobel Group - Compass
- Seller's Representative: Dennis Kelleher - Horvath & Tremblay
- Units: 4
- Price Per Unit: $606,250
- Square Footage: 2,880
- Price Per Square Foot: $842
The buyer was represented by Joshua Sipple from Sobel Group - Compass, while the seller was represented by Dennis Kelleher from Horvath & Tremblay.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93