Ben Moll Acquires 56-Unit Multifamily Property In Framingham, MA For $13.6M
77 Arlington St, Framingham, MA 01702
$13,615,500
$381/SF
Building Size
35,666 SF
Asset Type
MultiFamily
Closing
Jan 31, 2023
AI
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
Market 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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93