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271 Pineleigh Path, Ostervi...

Sotheby's International Realty Acquires 1.0 Acre Land In Osterville, MA For $1.5M
SOLD

Sotheby's International Realty Acquires 1.0 Acre Land In Osterville, MA For $1.5M

271 Pineleigh Path, Osterville, MA 02655

$1,500,000

$34/SF

Building Size

43,560 SF

Asset Type

Closing

Oct 22, 2021

AI

The property asset involved in this transaction is a land located at 271 Pineleigh Path, Osterville, MA. The land spans approximately 1.0 acre. The transaction took place on October 22, 2021. The sale price for this land was $1,500,000. The transaction was facilitated by John Largay Jr. from Sotheby's International Realty - Osterville Brokerage.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,500,000
  • Address: 271 Pineleigh Path, Osterville, MA
  • Market: Osterville, MA
  • Asset Type: Land
  • Acres: 1.0

John Largay Jr., representing Sotheby's International Realty - Osterville Brokerage, played a crucial role in facilitating this transaction. Their expertise and negotiation skills contributed to the successful completion of this deal.

Players

John Largay Jr

Broker

$12.5M

vol

2 deals

Broker

Osterville CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93