Cawley and Braun of United Multi Family broker $2.4 million sale

United Multi Family brokered the sale of a 12 unit apartment building at 10 Allston St. for $2.4 million ($200,000 per unit). Handled by Richard Cawley and Jason Braun of the New England office, the brick residences were built in 1940 and consisted of 6 two-bedroom, four 1.5-bedroom and 2 one-bedroom apartments. The property was sold by Commonwealth Trust II to Greenline LJS LLC with financing provided by Eastern Bank. The CAP rate at the time of sale was 3.86% with the property having a gross annual income of $181,500.