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Ben Moll Acquires 56-Unit Multifamily Property In Framingham, MA For $13.6M

Property Image
SOLD
$13,615,500

Massachusetts

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MultiFamily35,666 SF
Sold 01/31/2023
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Property Image
SOLD

Ben Moll Acquires 56-Unit Multifamily Property In Framingham, MA For $13.6M

77 Arlington St, Framingham, MA 01702

See Similar Deals
MultiFamily35,666 SF
Sold 01/31/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$381
Total Square Footage:35,666 SF
Transaction Type:Sale

A multifamily property located at 77-79 & 93 Arlington St in Framingham, MA has been sold in a recent transaction. The property consists of 56 units with a total square footage of 35,666. The sale price for this transaction was $13,615,500, resulting in a per unit price of $243,134 and a price per square foot of $382.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,615,500
  • Units: 56
  • Price Per Unit: $243,134
  • Square Footage: 35,666
  • Price Per Square Foot: $382
  • Market: Framingham, MA

The buyer of the property is Ben Moll, while the sellers are Raymond & Bash Safi. The transaction was facilitated by the broker team of Dennis Kelleher, John Pentore & Ryan Benton from Horvath & Tremblay.

Players

Dennis Kelleher
93 deals$541.1M volume
BROKER

John Pentore
Horvath & Tremblay
97 deals$560.2M volume
BROKER

Ryan Benton
Horvath & Tremblay
10 deals$38.1M volume
BROKER

Details

SOLD
IMAGE: Dennis Kelleher, John Pentore & Ryan Benton DATE: 01/31/2023 ADDRESS: 77-79 & 93 Arlington St MARKET: Framingham, MA ASSET TYPE: Multifamily BUYER: Ben Moll SELLER: Raymond & Bash Safi BROKERS: Dennis Kelleher, John Pentore & Ryan Benton - Horvath & Tremblay SALE PRICE: $13,615,500 UNITS: 56 ~ PPU: $243,134 SF: 35,666 ~ PPSF: $382

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

$726,160.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,372.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,544.42
Annual Debt Service$774,533.00