Berkadia Completes $64.2M Sale Of Multi-family Properties In Brookline & Cambridge, MA
SOLD
$64,200,000
Massachusetts
See Similar DealsMultiFamily
Sold 01/07/2022
SOLD
Berkadia Completes $64.2M Sale Of Multi-family Properties In Brookline & Cambridge, MA
37 Auburn Street, Brookline, Massachusetts 02446, United States
See Similar DealsMultiFamily
Sold 01/07/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,424,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$228,089.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$304,340.75
Annual Debt Service$3,652,089.04
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