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
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