Updated May 12, 2025
Billy Senné Acquires Multifamily Property In Falmouth For $10.8M
286 Grand Ave Falmouth, MA 02540, USA
$10,800,000
$452/SF
Building Size
23,870 SF
Asset Type
MultiFamily
Closing
Jul 21, 2023
About this deal
AI
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.
On the Map
$10,800,000
$452/SF
MultiFamily
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Players
Boston 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93