Updated Sep 22, 2026
Edd Hamzanlui Acquires Development Site At 460 Globe Street Fall River For $1.8M
460 Globe Street
$1,800,000
$18/SF
Building Size
98,190 SF
Asset Type
Development Site
Closing
Aug 31, 2026
About this deal
AI
The property involved in this transaction is a development site located at 460 Globe Street in Fall River, MA. The asset encompasses a square footage of 98,190 and has a sale price of $1,800,000, which equates to a price per square foot of $18.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 460 Globe Street
- Market: Fall River, MA
- Square Footage: 98,190
- Price per Square Foot: $18
- Buyer: Edd Hamzanlui
- Seller: Larry Cohen & Wayne Cohen
- Buyer's Representative: Luke Walen - Keller Williams Realty
- Seller's Representative: Christopher Paiva
This transaction highlights the involvement of MassCan Capital LLC, which has completed the purchase fully permitted for 89 market-rate units, as noted by the buyer's representative, Luke Walen.
Players
Fall River Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93