Updated Nov 19, 2025
Brandt Bowden Of Hanover Company Sells 260-Unit Multifamily Asset In Plymouth For $122M
62 Station Drive
$122,000,000
Units
260
Asset Type
MultiFamily
Closing
Nov 17, 2025
About this deal
AI
The transaction involved a multifamily property located at 62 Station Drive in Plymouth, MA, consisting of 260 units. The asset was sold for a total sale price of $122,000,000. The price per unit (PPU) was calculated at approximately $469,231. The financing for this transaction included $82.83 million through Berkadia Commercial Mortgage.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $122,000,000
- Units: 260
- Price Per Unit: $469,231
- Seller: Brandt Bowden - Hanover Company
- Lender: Berkadia Commercial Mortgage
Brandt Bowden of the Hanover Company was the seller in this transaction, representing the company in the sale of the newly completed Hanover at the Pinehills. The deal involved significant financing arranged by Berkadia Commercial Mortgage, highlighting key players in the multifamily property sector.
On the Map
$122,000,000
MultiFamily
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Players
Plymouth 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93