Uri Sheffer Purchases Multifamily Property From Jay Cardoso For $2.15 Million In Fall River MA
1240 North Main Street
$2,150,000
$188/SF
Building Size
11,423 SF
Asset Type
MultiFamily
Closing
Dec 11, 2025
AI
The multifamily asset involved in this transaction is located at 1240-1246 North Main Street, Fall River, MA. The property sold for $2,150,000, comprising 15 units with a price per unit of $143,333. The total square footage of the asset is 11,423, resulting in a price per square foot of $188.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Number of Units: 15
- Price Per Unit: $143,333
- Total Square Footage: 11,423
- Price Per Square Foot: $188
- Buyer: Uri Sheffer
- Seller: Jay Cardoso
- Broker Representatives: Spencer Smith & Jason Kulik - Horvath & Tremblay
This deal features Uri Sheffer as the buyer acquiring the property from seller Jay Cardoso. The transaction was facilitated by the broker representatives Spencer Smith and Jason Kulik from Horvath & Tremblay, who played key roles in the negotiation and execution of the deal.
Players
Fall River MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93