Eastern Union Arranges $44.8M Loan For 256-Unit Multifamily In Amherst, MA
156 Brittany Mnr, Amherst, Massachusetts 01002, United States
$44,805,000
$207/SF
Building Size
216,000 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
AI
A multifamily property located at 156A Brittany Manor Dr in Amherst, MA has recently undergone a closed transaction. The property consists of 256 units and spans approximately 216,000 square feet. The transaction was completed on 03/11/2022.
Summary of transaction details
- Property Type: Multifamily
- Address: 156A Brittany Manor Dr, Amherst, MA
- Market: Amherst, MA
- Units: 256
- Square Footage: 216,000
The lender for this transaction was Eastern Union, represented by Michael Muller. The loan amount for the transaction was $44,805,000. The broker involved in the deal was Newmark.
Players
Amherst MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93