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112 Short Street, Fall Rive...

TheGoldmanGroup LLC Acquires Fall River Multifamily For $1M
SOLDMultiFamily

TheGoldmanGroup LLC Acquires Fall River Multifamily For $1M

112 Short Street, Fall River, Massachusetts 02720, United States

$1,000,000

$198/SF

Building Size

5,040 SF

Asset Type

MultiFamily

Closing

Jul 27, 2022

AI

The multifamily property located at 112 Short St in Fall River, MA has been sold for a total price of $1,000,000. The property consists of 6 units, with a price per unit of $166,667. It spans across a total square footage of 5,040, resulting in a price per square foot of $198.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 112 Short St, Fall River, MA
  • Market: Fall River, MA
  • Buyer: TheGoldmanGroup LLC - Rafael Goldman, Charles Goldman & Aryeh Goldman
  • Seller: 112 short LLC
  • Broker: Tim McGeary - Northeast Private Client Group
  • Units: 6
  • Price per Unit: $166,667
  • Total Square Footage: 5,040
  • Price per Square Foot: $198

The sale, which took place on July 28, 2022, was facilitated by broker Tim McGeary from Northeast Private Client Group. The buyer, TheGoldmanGroup LLC, represented by Rafael Goldman, Charles Goldman, and Aryeh Goldman, acquired the property from the seller, 112 short LLC.

Players

Tim McGeary

NorthEast Private Client Group

Broker

$67.8M

vol

15 deals

Broker
TL
TheGoldmanGroup LLCBuyer

Aryeh Goldman

TheGoldmanGroup LLC

Buyer

$67.2M

vol

5 deals

Buyer
1L
112 short LLCSeller

Fall River MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93