FRH Realty, LLC Acquires 425-Unit Multifamily Property In Woburn, MA For $23.4M

The multifamily property located at 316 New Boston Street in Woburn, MA has been sold for a total of $23,400,000. Spanning across 19.6 acres, this property offers a total of 425 units, with an average price per unit of $55,059.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $23,400,000
• Address: 316 New Boston Street, Woburn, MA
• Market: Woburn, MA
• Acres: 19.6
• Buyer: FRH Realty, LLC
• Units: 425
• Price per Unit: $55,059

FRH Realty, LLC acted as the buyer in this transaction. The sale of this multifamily property represents a significant investment in the Woburn real estate market. The buyer can now take advantage of the revenue-generating potential of 425 units, making this acquisition a valuable addition to their portfolio.