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37 Auburn Street, Brookline...

Berkadia Completes $64.2M Sale Of Multi-family Properties In Brookline & Cambridge, MA
SOLDMultiFamily

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

Robert Lipson

Berkadia

Broker

$210.2M

vol

4 deals

Broker

Freddie Mac

Lender

$573.2M

vol

8 deals

Lender
Freddie Mac
Freddie MacLender

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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93