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Brandt Bowden Of Hanover Company Sells 260-Unit Multifamily Asset In Plymouth For $122M

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SOLD
$122,000,000

Massachusetts

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MultiFamily
Sold 11/17/2025
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SOLD

Brandt Bowden Of Hanover Company Sells 260-Unit Multifamily Asset In Plymouth For $122M

62 Station Drive

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MultiFamily
Sold 11/17/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

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.

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8 deals$570.2M volume
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SELLER

Details

SOLD
IMAGE: Brandt Bowden DATE: 11/17/2025 ADDRESS: 62 Station Drive MARKET: Plymouth, MA ASSET TYPE: Multifamily SELLER: Brandt Bowden - Hanover Company LENDER: Berkadia Commercial Mortgage SALE PRICE: $122,000,000 UNITS: 260 ~ PPU: $469,231 NOTE: The Hanover Company sold the newly completed 260-unit Hanover at the Pinehills in Plymouth for $122 million, with $82.83 million in financing from Berkadia Commercial Mortgage.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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