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77 Arlington St, Framingham...

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

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

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

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