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.
Market 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93