Updated Dec 21, 2023
Demakis Family Real Estate Acquires 1.67 Acre Land In Fairhaven, MA For $2M
431 Sconticut Neck Road, Fairhaven, Massachusetts 02719, United States
$2,000,000
$27/SF
Building Size
72,745 SF
Asset Type
—
Closing
Jun 23, 2022
About this deal
AI
A 1.67-acre land located at 431 Sconticut Neck Rd in Fairhaven, MA has been sold for $2,000,000. The transaction took place on June 24, 2022. The property was listed for sale and successfully closed by the seller's representative, Natalie Jackson from CENTURY 21 Signature Properties, and the buyer's representative, Christopher M. Demakis from Demakis Family Real Estate, Inc.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,000,000
- Address: 431 Sconticut Neck Rd, Fairhaven, MA
- Market: Fairhaven, MA
- Asset Type: Land
- Size: 1.67 acres
Christopher M. Demakis from Demakis Family Real Estate, Inc represented the buyer in the transaction, while Natalie Jackson from CENTURY 21 Signature Properties represented the seller. This successful sale demonstrates the strong demand for land in the Fairhaven, MA market.
Players
Fairhaven 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93