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Billy Senné Acquires Multifamily Property In Falmouth For $10.8M

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SOLD
$10,800,000

Massachusetts

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MultiFamily23,870 SF
Sold 07/21/2023
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Property Image
SOLD

Billy Senné Acquires Multifamily Property In Falmouth For $10.8M

286 Grand Ave Falmouth, MA 02540, USA

See Similar Deals
MultiFamily23,870 SF
Sold 07/21/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$452
Total Square Footage:23,870 SF
Transaction Type:Sale

The multifamily property located at 286 Grand Avenue in Falmouth, MA has been sold for a total of $10,800,000. This asset comprises 8 units with a total square footage of 23,870, equating to a price per unit of $1,350,000 and a price per square foot of $452.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Buyer: Billy Senné - Senné
  • Lender: Briana Hildt - Cardinal Capital Group
  • Units: 8
  • Square Footage: 23,870
  • Price Per Unit: $1,350,000
  • Price Per Square Foot: $452

Billy Senné represented by Senné was the buyer in this transaction, while Briana Hildt from Cardinal Capital Group acted as the lender facilitating the deal.

Players

BROKERAGE

Senné
BUYER

Details

SOLD
IMAGE: Billy Senne & Briana HIldt DATE: 07/21/2023 ADDRESS: 286 Grand Avenue MARKET: Falmouth, MA ASSET TYPE: Multifamily BUYER: Billy Senné (@william.senne) - Senné (@senne_co) LENDER: Briana Hildt - Cardinal Capital Group (@Cardinal_Capital_Group) SALE PRICE: $10,800,000 UNITS: 8 ~ PPU: $1,350,000 SF: 23,870 ~ PPSF: $452 é

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

$576,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12