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Gibson Sotheby's International Realty Represents Buyer In $2M Land Sale In Chatham, MA
SOLD
$2,000,000
Massachusetts
See Similar DealsLand
Sold 12/01/2023
SOLD
Gibson Sotheby's International Realty Represents Buyer In $2M Land Sale In Chatham, MA
119 Rowland Drive
See Similar DealsLand
Sold 12/01/2023
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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