Sobel Group Acquires Multifamily Property In Boston For $2.4M
SOLD
$2,425,000
Massachusetts
See Similar DealsMultiFamily2,880 SF
Sold 09/19/2022
SOLD
Sobel Group Acquires Multifamily Property In Boston For $2.4M
72 East Brookline Street
See Similar DealsMultiFamily2,880 SF
Sold 09/19/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$842
Total Square Footage:2,880 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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