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Marc Abou-Ezzi Of Ezzi Property Group Acquires Multifamily Asset From Jeff Bruce For $17.5M

Property Image
SOLD
$17,500,000

Massachusetts

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MultiFamily50,000 SF
Sold 10/15/2025
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Property Image
SOLD

Marc Abou-Ezzi Of Ezzi Property Group Acquires Multifamily Asset From Jeff Bruce For $17.5M

1 Iris Court

See Similar Deals
MultiFamily50,000 SF
Sold 10/15/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:50,000 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 1 Iris Court, Acton, MA. The transaction was completed at a sale price of $17,500,000. This building comprises 68 units across a total of 50,000 square feet, resulting in a price per unit of $257,352 and a price per square foot of $350.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,500,000
  • Units: 68
  • Square Feet: 50,000
  • Price Per Unit: $257,352
  • Price Per Square Foot: $350
  • Buyer: Marc Abou-Ezzi - Ezzi Property Group
  • Seller: Jeff Bruce - True North Capital Partners
  • Broker: Carl Christie

The key individuals involved in this deal include buyer Marc Abou-Ezzi representing Ezzi Property Group and seller Jeff Bruce representing True North Capital Partners. The transaction was facilitated by broker Carl Christie, who played a pivotal role in the negotiation process.

Players

8 deals$60.3M volume
BROKER

Marc Abou-Ezzi
9 deals$44.7M volume
BUYER

Details

SOLD
IMAGE: Jeff Bruce, Marc Abou-Ezzi & Carl Christie DATE: 10/15/2025 ADDRESS: 1 Iris Court MARKET: Acton, MA ASSET TYPE: Multifamily BUYER: Marc Abou-Ezzi - Ezzi Property Group (@EzziPropertyGroup) SELLER: Jeff Bruce - True North Capital Partners BROKER: Carl Christie (@CarlChristie_Broker) SALE PRICE: $17,500,000 UNITS: 68 ~ PPU: $257,352 SF: 50,000 ~ PPSF: $350

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

$933,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14