Berkadia Provides $42.9M Loan For 88-Unit Multifamily Property On Estate Dr, Chestnut Hill, MA
200 Chestnut Hill Avenue, Chestnut Hill, MA 02467, USA
$42,900,000
$298/SF
Building Size
143,591 SF
Asset Type
MultiFamily
Closing
Apr 15, 2021
AI
The property asset involved is a multifamily dwelling located at 200 Estate Dr, Chestnut Hill, MA. It comprises a total of 88 units. The transaction involved a loan amount of $42,900,000 secured for a 15-year term.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,900,000
- Address: 200 Estate Dr
- Market: Chestnut Hill, MA
- Units: 88
- Landlord: Chestnut Hill Realty - Edward Zuker & George McHugh
- Lender: berkadia'>berkadia'>berkadia'>Berkadia - Justin Wheeler
- Loan Term: 15-year term
The key individuals in this transaction include Edward Zuker and George McHugh representing the landlord, Chestnut Hill Realty, and Justin Wheeler acting on behalf of the lender, berkadia'>berkadia'>berkadia'>Berkadia.
Players
Brookline 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93