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1440 Beacon Street, Brookli...

Wingate Multifamily Acquires 136-Unit Multifamily Property In Brookline, MA For $52.9M
SOLDMultiFamily

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

Robert Griffin

Newmark

Broker

$7.3B

vol

72 deals

Broker

Brookline MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93