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33 Bennett Drive

Ezzi Property Group Purchases Multifamily Asset From Jacques Telio For $17.5 Million In Stoughton
SOLDMultiFamily

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

Rich Cawley

United Multi Family

Broker

$30.8M

vol

6 deals

Broker
United Multi Family
United Multi FamilyBrokerage

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