Berkadia Closes on 60 Unit Autumn Brook Apartments for $2,650,000

BIRMINGHAM, Ala. --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of Autumn Brook, a 60-unit apartment community located in Hueytown, Ala. for $2,650,000. David Oakley, Partner, William Parkhurst, Associate, and Josh Jacobs, Associate, in Berkadia’s Alabama office, negotiated the sale, representing the seller, Autumn Brooke Apartments, LLC. Built in 1993, Autumn Brook is a garden-style, two-story community situated on approximately 2.79 acres of land with a density of 21.5 units per acre and an average unit size of 1,073 square feet. The buyer was Autumn Brook Partners LLC, based in Birmingham.