Ezzi Property Group Purchases Multifamily Asset From Jacques Telio For $17.5 Million In Stoughton
33 Bennett Drive
$17,500,000
$353/SF
Building Size
49,500 SF
Asset Type
MultiFamily
Closing
Dec 18, 2024
AI
This multifamily property located at 33 Bennett Drive in Stoughton, MA features 76 units, encompassing a total square footage of 49,500. The transaction was completed for a sale price of $17,500,000, which equates to a price per unit of $230,263 and a price per square foot of $353.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Address: 33 Bennett Drive
- Market: Stoughton, MA
- Units: 76
- Square Footage: 49,500
- Price per Unit: $230,263
- Price per Square Foot: $353
- Buyer: Ezzi Property Group
- Seller: Jacques Telio - Telio Family Trust
- Broker: Richard Cawley - United Multi Family
The acquisition was facilitated by Richard Cawley representing United Multi Family. The seller, Jacques Telio, is associated with the Telio Family Trust, marking a strategic transaction in the multifamily market segment.
Players
Stoughton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93