Zachary Ballin Purchases Multifamily Asset From Jack Dalrymple For $2.02 Million In Franklin MA
338 Summer Street
$2,020,000
$323/SF
Building Size
6,248 SF
Asset Type
MultiFamily
Closing
Oct 5, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 338 Summer Street in Franklin, MA. The asset consists of 11 units with a total square footage of 6,248. The sale price of the property was $2,020,000, resulting in a price per unit of $183,636 and a price per square foot of $323.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,020,000
- Address: 338 Summer Street
- Market: Franklin, MA
- Units: 11
- Square Footage: 6,248
- Price Per Unit: $183,636
- Price Per Square Foot: $323
- Buyer: Zachary Ballin
- Seller: Jack Dalrymple
- Buyer's Representative: Adam S Cutter - Massachusetts Bay Realty Advisors
- Seller's Representative: Jason Kulik - Horvath & Tremblay
The deal involves key individuals such as the buyer, Zachary Ballin, and seller, Jack Dalrymple, who were represented by their respective brokers, Adam S Cutter of Massachusetts Bay Realty Advisors and Jason Kulik of Horvath & Tremblay, outlining a collaborative effort in the transaction process.
Players
Franklin 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
7.85%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93