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The Riverview School Acquires Multifamily Asset In Hyannis MA For $4.35M From CapeBuilt Development

Property Image
SOLD
$4,350,000
Julie Regan
Kevin Jones
+ 4

Massachusetts

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MultiFamily16,508 SF
Sold 01/31/2025
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Property Image
SOLD

The Riverview School Acquires Multifamily Asset In Hyannis MA For $4.35M From CapeBuilt Development

255 Main Street

See Similar Deals
MultiFamily16,508 SF
Sold 01/31/2025
Julie Regan
Kevin Jones
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:16,508 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 255 Main Street in Hyannis, MA. The sale price of the property was $4,350,000, and it consists of 12 units, with a price per unit of $362,500. The total square footage of the property is 16,508, resulting in a price per square foot of $263.

Summary of transaction details:

This transaction involved multiple brokers representing the parties, including Jonathan Bryant, Christopher Sower, John Flaherty, Bruce Lusa, Kevin Jones, Julie Regan, and Mary VanNatta from Cushman & Wakefield, indicating a collaborative effort in facilitating the sale between The Riverview School and CapeBuilt Development.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Details

SOLD
IMAGE: Jonathan Bryant, Christopher Sower, John Flaherty, Bruce Lusa, Kevin Jones, Julie Regan & Mary VanNatta DATE: 01/31/2025 ADDRESS: 255 Main Street MARKET: Hyannis, MA ASSET TYPE: Multifamily BUYER: The Riverview School SELLER: CapeBuilt Development BROKERS: Jonathan Bryant (@Jay_Bry1__), Christopher Sower (@CSower1), John Flaherty (@J_Flaherty5), Bruce Lusa, Kevin Jones (@KmJones004), Julie Regan & Mary VanNatta - Cushman & Wakefield (@CushWake) SALE PRICE: $4,350,000 UNITS: 12 ~ PPU: $362,500 SF: 16,508 ~ PPSF: $263

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63