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FPA Multifamily Sells 99-Unit Zen Easton Senior Apartment Community For $33 Million

Property Image
SOLD
$33,000,000
John McLaughlin
Biria St. John
+ 2

Massachusetts

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MultiFamily
Sold 06/16/2025
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Property Image
SOLD

FPA Multifamily Sells 99-Unit Zen Easton Senior Apartment Community For $33 Million

7 Roosevelt Circle

See Similar Deals
MultiFamily
Sold 06/16/2025
John McLaughlin
Biria St. John
+ 2
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is a 99-unit multifamily apartment community located at 7 Roosevelt Circle in South Easton, MA. The sale price of the property was $33 million, resulting in a per unit price of $333,333.

Summary of transaction details:

This deal involved an institutional investor tied to J.P. Morgan Asset Management, as reported by CBRE on the sale of the Zen Easton senior apartment community in Easton.

Players

Simon Butler
33 deals$2.5B volume
BROKER

Biria St. John
CBRE
32 deals$2.5B volume
BROKER

John McLaughlin
CBRE
27 deals$2.3B volume
BROKER

Brian Bowler
CBRE
11 deals$1.1B volume(617) 912-6998
BROKER

CBRE
BROKERAGE

Gregory A. Fowler
FPA Multifamily
6 deals$490.5M volume
SELLER

Details

SOLD
IMAGE: Biria St. John, Simon Butler, Gregory A. Fowler, John McLaughlin & Brian Bowler DATE: 06/16/2025 ADDRESS: 7 Roosevelt Circle MARKET: South Easton, MA ASSET TYPE: Multifamily SELLER: Gregory A. Fowler - FPA Multifamily BROKERS: Biria St. John, Simon Butler, John McLaughlin & Brian Bowler - CBRE (@CBRE) SALE PRICE: $33,000,000 UNITS: 99 ~ PPU: $333,333 NOTE: FPA Multifamily sold the 99-unit Zen Easton senior apartment community in Easton for $33 million to an institutional investor tied to J.P. Morgan Asset Management, CBRE said Monday.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03