Patrick Assioun Acquires Office Building In Brookline, MA For $5.1M
SOLD
$5,135,000
+ 3
Massachusetts
See Similar DealsOffice9,790 SF
Sold 03/30/2023
SOLD
Patrick Assioun Acquires Office Building In Brookline, MA For $5.1M
1269 Beacon Street
See Similar DealsOffice9,790 SF
Sold 03/30/2023
+ 3
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$524
Total Square Footage:9,790 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$273,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,243.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,342.52
Annual Debt Service$292,110.24
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