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1240 North Main Street

Uri Sheffer Purchases Multifamily Property From Jay Cardoso For $2.15 Million In Fall River MA
SOLDMultiFamily

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

Jason Kulik

Horvath & Tremblay

Broker

$33.3M

vol

12 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

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