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456 Grand Avenue, Falmouth,...

Lynn O'Neill Acquires Multifamily Property On Grand Avenue In Falmouth For $2.8M
SOLDMultiFamily

Lynn O'Neill Acquires Multifamily Property On Grand Avenue In Falmouth For $2.8M

456 Grand Avenue, Falmouth, Massachusetts, USA

$2,800,000

$792/SF

Building Size

3,533 SF

Asset Type

MultiFamily

Closing

Mar 4, 2021

AI

A multifamily property located at 456 Grand Avenue in Falmouth, MA, was recently sold for a total price of $2,800,000. The property spans across 3,533 square feet, resulting in a price per square foot of $793.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Square Footage: 3,533
  • Price per Square Foot: $793
  • Address: 456 Grand Avenue, Falmouth, MA
  • Market: Falmouth, MA

The seller's representative in this transaction was David Schwamb from Benchmark Cape Realty. On the other hand, Lynn O'Neill from Robert Paul Properties, Inc. acted as the buyer's representative.

Players

David Schwamb

Broker

$2.8M

vol

1 deal

Broker

Falmouth 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93