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71 Covel Street

Omer Granot Purchases Multifamily Properties In Fall River For $5.35M With Broker Spencer Smith
SOLDMultiFamily

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

Spencer Smith

Horvath & Tremblay

Broker

$44.2M

vol

19 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

Fall River MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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