Berkadia Completes $64.2M Sale Of Multi-family Properties In Brookline & Cambridge, MA
37 Auburn Street, Brookline, Massachusetts 02446, United States
$64,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 7, 2022
AI
The multifamily property located at 37 Auburn St & 70 St Paul St; 19 Wendell St, 60 Brattle St, & 1 Langdon St in Brookline & Cambridge, MA, has been sold in a transaction. The sale was facilitated by Robert Lipson of Berkadia.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $64,200,000
- Loan Amount: $64,200,000
- Lender: Freddie Mac
- Broker: Robert Lipson - Berkadia
The involvement of Freddie Mac as the lender in this transaction showcases their support in financing the sale of the property. Robert Lipson from Berkadia played a crucial role as the broker representative involved in the deal.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93