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3 Hargraves Street

Ron Ifrah Acquires Fall River Multifamily For $3.6M
SOLDMultiFamily

Ron Ifrah Acquires Fall River Multifamily For $3.6M

3 Hargraves Street, 15 Hargraves Street, 19 Hargraves Street, 296 Columbia Street & 91 Columbia Street

$3,595,000

Building Size

Asset Type

MultiFamily

Closing

Oct 6, 2023

AI

The multifamily property located at 3-15 Hargraves Street, 19-27 Hargraves Street, 296 Columbia Street, and 91 Columbia Street in Fall River, MA has been sold for a total price of $3,595,000. The property consists of 26 units with an average price per unit of $138,269. The total square footage of the property is 32,805, resulting in a price per square foot of $110.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $3,595,000
  • Buyer: Ron Ifrah
  • Seller: Fabio Santos
  • Broker: Spencer Smith - Horvath & Tremblay
  • Units: 26
  • Price per Unit: $138,269
  • Square Footage: 32,805
  • Price per Square Foot: $110

Ron Ifrah has acquired the property from Fabio Santos, facilitated by the brokerage services of Spencer Smith from Horvath & Tremblay.

Players

Spencer Smith

Horvath & Tremblay

Broker

$44.2M

vol

19 deals

Broker

Fall River 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93