Updated Oct 28, 2024
Land Bank Acquires 2.25 Acres Of Land In Nantucket, MA For $2.8M
68 Nobadeer Avenue, Nantucket, Massachusetts 02554, United States
$2,800,000
Building Size
—
Asset Type
—
Closing
Mar 15, 2022
About this deal
AI
The property involved in the transaction is a piece of land located at 68 Nobadeer Avenue in Nantucket, MA. The land spans across 2.25 acres.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,800,000
- Buyer: Land Bank
- Seller: ACK TOW LLC - Brian Harris
The buyer in this transaction is the Land Bank, while the seller is ACK TOW LLC represented by Brian Harris. The sale took place on March 16, 2022.
The commercial sale at 68 Nobadeer Avenue, Nantucket, Massachusetts 02554, United States in Nantucket, Massachusetts sold for $2.8M in 2022. Named participants on the 68 Nobadeer Avenue, Nantucket, Massachusetts 02554, United States sale are Brian Harris. This page is the Nantucket, Massachusetts file for the 68 Nobadeer Avenue, Nantucket, Massachusetts 02554, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Nantucket sit in the Market section below. Filter that Nantucket commercial set by closing date to see what else sold near 68 Nobadeer Avenue, Nantucket, Massachusetts 02554, United States around 2022. Published consideration for 68 Nobadeer Avenue, Nantucket, Massachusetts 02554, United States is $2.8M, dated 2022. Cite this Land Bank Acquires 2.25 Acres Of Land In Nantucket, MA For $2.8M sale when underwriting similar commercial product around Nantucket, Massachusetts.
On the Map
$2,800,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93