facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Farm

/

Sale

/

86 Hammond Street

Kerry L Nicolls Facilitates $1.25M Sale Of 8.5-Acre Farm In Rowley, MA
SOLDFarm

Kerry L Nicolls Facilitates $1.25M Sale Of 8.5-Acre Farm In Rowley, MA

86 Hammond Street

$1,249,000

$367/SF

Building Size

3,400 SF

Asset Type

Farm

Closing

Jun 27, 2024

AI

Located at 86 Hammond St, Rowley, MA 01969, this equestrian estate was recently sold for $1,249,000. Situated on a secluded 8.5-acre lot in Rowley, MA, the property was built in 1999 and offers a generous living space of 3,400 square feet. Boasting high-end amenities and scenic pastoral views, this estate provides a luxurious retreat ideal for extended families or animal enthusiasts.

Summary of transaction details:

Kerry L Nicolls from Foundation Brokerage Group represented the buyer in this transaction, while Peter Manoogian from Mango Realty acted as the seller's representative. The property's sale as an equestrian estate with meticulous attention to detail highlights the expertise and negotiation skills of the buyer's and seller's representatives in facilitating the deal.

Players

Kerry L Nicolls

Foundation Brokerage Group

Broker

$2.8M

vol

2 deals

Broker

Rowley Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.70%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93