Updated Oct 28, 2024
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
About this deal
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
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93