facebook
Traded Co logo
Submit
Daily limit: 0/10

BRT Apartments Corp Purchases 214-Unit Multifamily Community In Auburn From LIV Development For $36.5M

Property Image
SOLD
$36,500,000

Alabama

See Similar Deals
MultiFamily
Sold 07/22/2025
the dealdetailscomps
Property Image
SOLD

BRT Apartments Corp Purchases 214-Unit Multifamily Community In Auburn From LIV Development For $36.5M

1322 North Dean Road

See Similar Deals
MultiFamily
Sold 07/22/2025

Summary

ALABAMA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

BUYER

Details

SOLD
IMAGE: 07/22/2025 ADDRESS: 1322 North Dean Road MARKET: Auburn, AL ASSET TYPE: Multifamily BUYER: BRT Apartments Corp SELLER: LIV Development SALE PRICE: $36,500,000 UNITS: 214 ~ PPU: $170,561 NOTE: BRT Apartments Corp. and Mulberry Properties acquired 1322 North, a 214-unit garden-style community in Auburn, Ala., for $36.5 million from LIV Development.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,946,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$129,676.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,028.62
Annual Debt Service$2,076,343.46