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
Brookline MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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