ATLANTA – January 29, 2020 – Berkadia today announced the sale of Brookstone at Brookhaven, a 158-unit garden-style multifamily property in Atlanta. Senior Managing Directors Paul Vetter and Andrew Mays, Senior Director Judy MacManus and Director Matt White of Berkadia’s Atlanta office completed the $24.49 million sale on behalf of the seller, Georgia-based MSC Investment, and the buyer, Florida-based Noble House Investment, Inc. The deal closed on December 17, 2019.
“This asset is very well located and has large floor plans,” said Vetter. “The buyer plans to make extensive renovations to the property and will do very well here.”
Located at 1322 Briarwood Road NE, Brookstone at Brookhaven affords residents convenient access to Interstate 85, Briarwood Park and the shops and restaurants along both Buford Highway NE and Peachtree Road NE. The property features one-, two- and three-bedroom newly renovated floor plans with oversized closets, hardwood floors, air conditions and in-unit washers and dryers. Community amenities include a playground and a pool.