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85 Naples Road

Shi Earls Of Winterspring Real Estate Acquires Multifamily Property In Brookline For $2.6M As Buyer's Rep
SOLDMultiFamily

Shi Earls Of Winterspring Real Estate Acquires Multifamily Property In Brookline For $2.6M As Buyer's Rep

85 Naples Road

$2,600,000

$474/SF

Building Size

5,481 SF

Asset Type

MultiFamily

Closing

Feb 29, 2024

AI

In Brookline, Massachusetts, a multifamily property located at 85 Naples Road was sold for $2.6 million. The transaction was facilitated by Shi Earls of Winterspring Real Estate representing the buyer, and the seller was represented by Michael Sellers from Odessit Capital. The property spans 5,481 square feet and was sold at a price per square foot of $474.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 85 Naples Road
  • Market: Brookline, MA
  • Buyer's Rep: Shi Earls - Winterspring Real Estate
  • Seller's Rep: Michael Sellers - Odessit Capital

Shi Earls represented Winterspring Real Estate in the transaction, while Michael Sellers acted as the representative for Odessit Capital. Both parties played crucial roles in the successful sale of the multifamily property, emphasizing the significance of their expertise in the real estate market.

Players

Odessit Capital

Odessit Capital

Broker

$6.4M

vol

8 deals

Broker

Brookline 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93