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35-43 Braintree Street, All...

Updated Dec 4, 2024

Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA
FINANCEDMultiFamily

Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA

35-43 Braintree Street, Allston, Massachusetts 02134, United States

$53,400,000

Units

149

Asset Type

MultiFamily

Closing

Aug 17, 2022

About this deal

AI

The multifamily property located at 35-43 Braintree St in Boston, MA was involved in a recent transaction. The property consists of 149 units and is owned by Jones Street Investment Partners.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $53,400,000
  • Loan Type: Construction financing

The loan for this transaction was provided by Cambridge Savings Bank and barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings. Nicholas Herz from Boston Realty Advisors represented the landlords, Jones Street Investment Partners, in this deal.

The multifamily loan at 35-43 Braintree Street, Allston, Massachusetts 02134, United States in Boston, Massachusetts financed for $53.4M in 2022. Reported inventory is 149 units across 149 units. Nicholas (Nick) Herz, Boston Realty Advisors appear on the loan alongside Boston Realty Advisors. This page is the Boston, Massachusetts file for the 35-43 Braintree Street, Allston, Massachusetts 02134, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else financed near 35-43 Braintree Street, Allston, Massachusetts 02134, United States around 2022. Published consideration for 35-43 Braintree Street, Allston, Massachusetts 02134, United States is $53.4M, dated 2022. Cite this Jones Street Investment Partners Secures $53.4M Construction Financing For Multifamily Property In Boston, MA loan when underwriting similar multifamily product around Boston, Massachusetts.

Players

Nicholas Herz

Boston Realty Advisors

Broker

$431.5M

vol

21 deals

Broker
Cambridge Savings Bank
Cambridge Savings BankLender
Barings
BaringsLender

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $358.4K per unit across 149 units on a published $53.4M (2022).

Visit Nicholas (Nick) Herz to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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