FMS Brookline LLC Acquires Multifamily Property In Brookline, MA For $23.9M
SOLD
$23,925,000
+ 1
Massachusetts
See Similar DealsMultiFamily1,300 SF
Sold 05/07/2021
SOLD
FMS Brookline LLC Acquires Multifamily Property In Brookline, MA For $23.9M
420 Harvard Street, Brookline, Massachusetts, USA
See Similar DealsMultiFamily1,300 SF
Sold 05/07/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$18,403
Total Square Footage:1,300 SF
Transaction Type:Sale
Located at 420 Harvard Street in Brookline, MA, this multifamily property was recently sold in a closed transaction. The property consists of 28 units, with each unit having a price per unit of $854,464. The sale was finalized on 05/07/2021, with a total sale price of $23,925,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,925,000
- Address: 420 Harvard Street, Brookline, MA
- Number of Units: 28
- Price Per Unit: $854,464
The seller of the property was Aura Properties, while FMS Brookline LLC acted as the buyer. The sale was facilitated by Kevin Benzinger, Jason Weissman, Andrew Herald, and Nick Herz from Boston Realty Advisors, representing the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,276,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,000.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,416.71
Annual Debt Service$1,361,000.47
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