Wingate Multifamily Acquires 136-Unit Multifamily Property In Brookline, MA For $52.9M
SOLD
$52,900,000
Massachusetts
See Similar DealsMultiFamily
Sold 04/29/2022
SOLD
Wingate Multifamily Acquires 136-Unit Multifamily Property In Brookline, MA For $52.9M
1440 Beacon Street, Brookline, Massachusetts 02446, United States
See Similar DealsMultiFamily
Sold 04/29/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1440 Beacon St in Brookline, MA has been sold for a total of $52,900,000. The property consists of 136 units, with an average price per unit of $388,971.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $52,900,000
- Address: 1440 Beacon St, Brookline, MA
- Units: 136
- Price Per Unit: $388,971
The buyer of the property is Wingate Multifamily, LLC, represented by Elizabeth Schuster. The brokers involved in the deal are Rob Griffin and Thomas Greeley from Newmark.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,821,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$187,942.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$250,772.99
Annual Debt Service$3,009,275.86
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