Updated Jul 23, 2025
BRT Apartments Corp Purchases 214-Unit Multifamily Community In Auburn From LIV Development For $36.5M
1322 North Dean Road
$36,500,000
Units
214
Asset Type
MultiFamily
Closing
Jul 22, 2025
About this deal
AI
The property involved in the transaction is a 214-unit garden-style community located at 1322 North Dean Road in Auburn, AL. The sale price for this multifamily asset was $36,500,000, resulting in a price per unit of $170,561.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Address: 1322 North Dean Road
- Market: Auburn, AL
- Units: 214
- Price Per Unit: $170,561
- Buyer: BRT Apartments Corp
- Seller: LIV Development
BRT Apartments Corp. and Mulberry Properties were the key individuals in this acquisition, as they acquired the property from LIV Development. This notable transaction highlights the involvement of these companies in the multifamily market within Auburn.
On the Map
$36,500,000
MultiFamily
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Players
Auburn 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93