Wingate Multifamily Acquires 136-Unit Multifamily Property In Brookline, MA For $52.9M
1440 Beacon Street, Brookline, Massachusetts 02446, United States
$52,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 28, 2022
AI
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.
Players
Brookline MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93