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.
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