Omer Granot Purchases Multifamily Properties In Fall River For $5.35M With Broker Spencer Smith
71 Covel Street, 939 Bedford Street, 19 Manning Street, 772 New Boston Road, 766 New Boston Road, 217 Tuttle Street & 803 King Philip Street
$5,350,000
$194/SF
Building Size
27,559 SF
Asset Type
MultiFamily
Closing
Jun 2, 2025
AI
This multifamily asset comprises a total of 32 units and offers a square footage of 28,675. The property is located at multiple addresses including 71 Covel Street, 939 Bedford Street, 19 Manning Street, 772 New Boston Road, 766 New Boston Road, 217 Tuttle Street, and 803 King Philip Street, situated in the Fall River, MA market. The transaction was completed at a sale price of $5,350,000, resulting in a price per unit of $167,187 and a price per square foot of $186.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Units: 32
- Square Footage: 28,675
- Price Per Unit: $167,187
- Price Per Square Foot: $186
- Buyer: Omer Granot
- Seller: Seth Lewis
- Broker: Spencer Smith - Horvath & Tremblay
Omer Granot has acquired the multifamily property from Seth Lewis, with the transaction facilitated by broker Spencer Smith representing Horvath & Tremblay in the deal. This transaction represents a significant engagement in the real estate market within Fall River, MA.
Players
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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93