facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

338 Summer Street

Zachary Ballin Purchases Multifamily Asset From Jack Dalrymple For $2.02 Million In Franklin MA
SOLDMultiFamily

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

Jason Kulik

Horvath & Tremblay

Broker

$33.3M

vol

12 deals

Broker

Franklin MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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