Updated Dec 4, 2024
Gibson Sotheby's International Realty Represents Buyer In $2M Land Sale In Chatham, MA
119 Rowland Drive
$2,000,000
Building Size
—
Asset Type
Land
Closing
Dec 1, 2023
About this deal
AI
In Chatham, MA, a 1.5-acre land parcel located at 119 Rowland Drive was recently sold for $2,000,000. The transaction involved Paul McCormick of Gibson Sotheby's International Realty representing the buyer and Harry Cutts of William Raveis Real Estate representing the seller.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Address: 119 Rowland Drive, Chatham, MA
- Market: Chatham, MA
- Buyer's Representative: Paul McCormick - Gibson Sotheby's International Realty
- Seller's Representative: Harry Cutts - William Raveis Real Estate
The buyer, Paul McCormick, from Gibson Sotheby's International Realty and the seller, Harry Cutts, from William Raveis Real Estate, successfully completed the $2,000,000 sale of the 1.5-acre land parcel at 119 Rowland Drive in Chatham, MA.
On the Map
$2,000,000
Land
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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