Eric Sullivan Acquires Hotel At 135 Main Street Lenox For $2.575M With Broker Stephen Girolamo
SOLD
$2,575,000
Massachusetts
See Similar DealsHotel8,722 SF
Sold
SOLD
Eric Sullivan Acquires Hotel At 135 Main Street Lenox For $2.575M With Broker Stephen Girolamo
135 Main Street
See Similar DealsHotel8,722 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Hotel
Price Per Square Foot:$295
Total Square Footage:8722 SF
Transaction Type:Sale
This transaction involved a hotel located at 135 Main Street in Lenox, MA. The property was sold for $2,575,000, with a total square footage of 8,722 and a price per square foot of $295.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $2,575,000
- Square Footage: 8,722
- Price Per Square Foot: $295
- Buyer: Eric Sullivan
- Seller: Wendy Vittori
- Buyer's Representative: Stephen Girolamo - Horvath & Tremblay
- Seller's Representative: Randy Thunfors - Stone House Properties
- Transaction Date: 10/31/2024
The deal was facilitated by the representatives of both parties, with Stephen Girolamo from Horvath & Tremblay representing the buyer, and Randy Thunfors from Stone House Properties representing the seller. This transaction marks a significant moment in the Lenox market dynamics.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,148.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,206.81
Annual Debt Service$146,481.76
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