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1709 1729 Pleasant Street

Omer Granot Acquires Multifamily Property On Pleasant Street In Fall River For $1.4M
SOLDMultiFamily

Omer Granot Acquires Multifamily Property On Pleasant Street In Fall River For $1.4M

1709 1729 Pleasant Street

$1,400,000

$89/SF

Building Size

15,648 SF

Asset Type

MultiFamily

Closing

Jan 31, 2023

AI

The multifamily property located at 1709-1729 Pleasant Street in Fall River, MA has been sold. The property consists of 16 units and spans across 15,648 square feet. The sale price for this transaction was $1,400,000, which equates to a per unit price of $87,500 and a price per square foot of $89.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 1709-1729 Pleasant Street, Fall River, MA
  • Market: Fall River, MA
  • Buyer: Omer Granot
  • Seller: Chris Gallo
  • Broker: Spencer Smith - Horvath & Tremblay
  • Number of Units: 16
  • Price per Unit: $87,500
  • Total Square Footage: 15,648
  • Price per Square Foot: $89

Spencer Smith from Horvath & Tremblay represented the buyer and seller in this transaction. Omer Granot purchased the property from Chris Gallo for $1,400,000. The transaction included a total of 16 units and the property spans across 15,648 square feet. This deal demonstrates the successful collaboration between the buyer's representative, Spencer Smith, and the seller's representative, Horvath & Tremblay.

Players

Spencer Smith

Horvath & Tremblay

Broker

$44.2M

vol

19 deals

Broker

Market 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93