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Arthur Solomon Of DSF Group Acquires Multifamily Complex At 50 Woodview Way For $101M
SOLD
$101,000,000
Massachusetts
See Similar DealsMultiFamily
Sold 05/23/2025
SOLD
Arthur Solomon Of DSF Group Acquires Multifamily Complex At 50 Woodview Way For $101M
50 Woodview Way
See Similar DealsMultiFamily
Sold 05/23/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The Westerly at Forge Park is a multifamily residential complex situated at 50 Woodview Way in Franklin, MA. This property consists of 280 units and was sold for $101,000,000, resulting in a price per unit of $360,714.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $101,000,000
- Units: 280
- Price Per Unit: $360,714
- Buyer: Arthur Solomon - DSF Group
Arthur Solomon represented the buyer, DSF Group, in this transaction involving the acquisition of The Westerly at Forge Park, adding a significant asset to their portfolio in the Franklin market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$358,831.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$478,791.53
Annual Debt Service$5,745,498.33
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