Arthur Solomon Of DSF Group Acquires Multifamily Complex At 50 Woodview Way For $101M
50 Woodview Way
$101,000,000
Units
280
Asset Type
MultiFamily
Closing
May 23, 2025
AI
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
Andover 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93