facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

1269 Beacon Street

Patrick Assioun Acquires Office Building In Brookline, MA For $5.1M
SOLDOffice

Patrick Assioun Acquires Office Building In Brookline, MA For $5.1M

1269 Beacon Street

$5,135,000

$524/SF

Building Size

9,790 SF

Asset Type

Office

Closing

Mar 30, 2023

AI

The office building located at 1269 Beacon Street in Brookline, MA has been sold in a transaction for $5,135,000. The property spans across 9,790 square feet, resulting in a price per square foot of $525. The sale was closed on 03/30/2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,135,000
  • Square Footage: 9,790
  • Price Per Square Foot: $525
  • Address: 1269 Beacon Street, Brookline, MA
  • Market: Brookline, MA

The buyer of the property was Patrick Assioun, while the seller was The Yett Family. Elad Bushari from Compass represented the buyer in the deal. Jeremy Freid, Adam Meixner, Meghan Huebner, Jordan Sneider, and Tyler Capecci, also from Compass, acted as representatives for the seller.

Players

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

Brookline Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.09%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93