Frank Sullivan Real Estate Acquires Residential Property In Barnstable, MA For $3.75M
SOLD
$3,750,000
Massachusetts
See Similar DealsCo-Op46,173 SF
Sold 11/05/2021
SOLD
Frank Sullivan Real Estate Acquires Residential Property In Barnstable, MA For $3.75M
299 Eel River Road, Barnstable, Osterville, Massachusetts, USA
See Similar DealsCo-Op46,173 SF
Sold 11/05/2021
Summary
MASSACHUSETTS
Asset Type:Co-Op
Price Per Square Foot:$81
Total Square Footage:46,173 SF
Transaction Type:Sale
Located in Barnstable, MA, a residential property on 299 Eel River Rd has recently been sold for a price of $3,750,000. The property sits on a spacious lot of 1.06 acres, providing ample space for the new owner to enjoy.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $3,750,000
- Address: 299 Eel River Rd
- Market: Barnstable, MA
- Acres: 1.06
The deal was facilitated by Jack Cotton of Sotheby's International Realty, who represented the seller in the transaction. On the buyer's side, John Hopkins of Frank Sullivan Real Estate, LLC acted as the buyer's representative. Together, they ensured a smooth transaction for both parties.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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