facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

420 Harvard Street, Brookli...

FMS Brookline LLC Acquires Multifamily Property In Brookline, MA For $23.9M
SOLDMultiFamily

FMS Brookline LLC Acquires Multifamily Property In Brookline, MA For $23.9M

420 Harvard Street, Brookline, Massachusetts, USA

$23,925,000

$18,403/SF

Building Size

1,300 SF

Asset Type

MultiFamily

Closing

May 6, 2021

AI

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.

Players

Jason Weissman

Boston Realty Advisors

Broker

$340.2M

vol

16 deals

Broker

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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93