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Sale · MultiFamily

Updated Oct 12, 2026

Lorenzo Alonge Acquires MultiFamily Property From Beantown Companies For $7.55M في Framingham MA
SOLDMultiFamily

Lorenzo Alonge Acquires MultiFamily Property From Beantown Companies For $7.55M في Framingham MA

$7,550,000

$323/SF

Building Size

23,323 SF

Asset Type

MultiFamily

Closing

Oct 7, 2026

About this deal

AI

This multi-family property is located in Framingham, MA, and consists of 31 units. The asset was sold for $7,550,000, with a price per unit of $243,548. The building has a total square footage of 23,323, resulting in a price per square foot of $323.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $7,550,000
  • Units: 31
  • Price Per Unit: $243,548
  • Square Footage: 23,323
  • Price Per Square Foot: $323
  • Buyer: Lorenzo Alonge
  • Seller: Beantown Companies
  • Buyer's Representative: Massis Khoumjian - Coldwell Banker
  • Date of Transaction: 10/07/2026

Massis Khoumjian represented the buyer, Lorenzo Alonge, in this transaction, facilitating the sale from the seller, Beantown Companies. The deal reflects involvement of key individuals, with Coldwell Banker acting as the brokerage firm for the buyer.

Players

Massis Khoumjian

Coldwell Banker

Broker

$19.4M

vol

11 deals

Broker

Lorenzo Alonge

Buyer

$7.6M

vol

1 deal

Buyer
Beantown Companies
Beantown CompaniesSeller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $323 per square foot on a published $7.6M for 23,323 square feet (2026).

Visit Massis Khoumjian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.10%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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