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Berkshire Hathaway HomeServices Acquires Barnstable, MA Land For $1.8M

Property Image
SOLD
$1,800,000

Massachusetts

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44,431 SF
Sold 08/23/2020
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Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Barnstable, MA Land For $1.8M

591 Grand Island Drive, Barnstable, Osterville, Massachusetts, USA

See Similar Deals
44,431 SF
Sold 08/23/2020
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Summary

MASSACHUSETTS
Price Per Square Foot:$40
Total Square Footage:44,431 SF
Transaction Type:Sale

Located at 591 Grand Island Dr in Barnstable, MA, this transaction involved the sale of a 1.02-acre land property. The property was represented by The Quirk Group from Coldwell Banker Realty - Back Bay, acting as the seller's representative. On the buyer's side, Robert Kinlin from Berkshire Hathaway HomeServices Robert Paul Properties served as the buyer's representative.

Summary of transation details

  • Property Type: Land
  • Transaction Amount: $1,800,000
  • Address: 591 Grand Island Dr, Barnstable, MA
  • Market: Barnstable, MA
  • Seller's Representative: The Quirk Group - Coldwell Banker Realty - Back Bay
  • Buyer's Representative: Robert Kinlin - Berkshire Hathaway HomeServices Robert Paul Properties
  • Land Area: 1.02 acres
  • Price per Acre (PPA): $1,764,706

This transaction took place on August 23, 2021. With a sale price of $1,800,000, the 1.02-acre land offers a prime opportunity for development or investment purposes. The involvement of The Quirk Group from Coldwell Banker Realty - Back Bay as the seller's representative and Robert Kinlin from Berkshire Hathaway HomeServices Robert Paul Properties as the buyer's representative demonstrates the collaboration between experienced professionals in the real estate industry.

Players

Robert Kinlin
15 deals$69.5M volume
BROKER

Details

SOLD
IMAGE: Robert Kinlin DATE: 08/23/2021 ADDRESS: 591 Grand Island Dr MARKET: Barnstable, MA ASSET TYPE: Land SELLER'S REP: The Quirk Group - Coldwell Banker Realty - Back Bay BUYER'S REP: Robert Kinlin - Berkshire Hathaway HomeServices Robert Paul Properties SALE PRICE: $1,800,000 ACRES: 1.02 ~ PPA: $1,764,706

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02