Updated Dec 4, 2024
Eric Sullivan Acquires Hotel At 135 Main Street Lenox For $2.575M With Broker Stephen Girolamo
135 Main Street
$2,575,000
$295/SF
Building Size
8,722 SF
Asset Type
Hotel
Closing
Oct 31, 2024
About this deal
AI
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.
Players
Lenox Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Stephen Girolamo to view all their deals.
Browse Lenox hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93