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9 Bronsdon Street, Brighton...

Updated Oct 29, 2024

Eagle Rock Properties Acquires Multifamily Portfolio In Brighton, Framingham, And Nashua For $500M
SOLDMultiFamily

Eagle Rock Properties Acquires Multifamily Portfolio In Brighton, Framingham, And Nashua For $500M

9 Bronsdon Street, Brighton, Massachusetts 02135, United States

$500,000,000

Units

1,314

Asset Type

MultiFamily

Closing

Jan 12, 2022

About this deal

AI

Eagle Rock Properties has acquired a multifamily asset in Brighton & Framingham, MA; & Nashua, NH. The property, located at 9 Bronsdon St, 50 Dinsmore Ave, 5 Georgetown Drive, 100 Vantage Terrace & 25 Bay Ridge Drive, consists of 1,314 units. The transaction was facilitated by Melnick Real Estate Advisors, with Scott Melnick representing the buyer. The seller, AIR Communities, completed the sale for a total price of $500,000,000, resulting in a per unit price of $380,518.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $500,000,000
  • Units: 1,314
  • Price Per Unit: $380,518
  • Market: Brighton & Framingham, MA; & Nashua, NH

Scott Melnick from Melnick Real Estate Advisors played a crucial role as the broker in this transaction, representing Eagle Rock Properties. This acquisition marks a significant investment by the buyer in the multifamily market, illustrating their continued focus on expanding their portfolio.

Players

EP
Eagle Rock PropertiesBuyer
AC
Air CommunitiesSeller

Brighton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $380.5K per unit across 1314 units on a published $500M (2022).

Browse Massachusetts multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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