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135 Putnam Avenue

Paul Grover Of Berkshire Hathaway HomeServices Facilitates Sale Of 6.94-Acre Land In Barnstable For $3.2M
SOLDLand

Paul Grover Of Berkshire Hathaway HomeServices Facilitates Sale Of 6.94-Acre Land In Barnstable For $3.2M

135 Putnam Avenue

$3,200,000

Building Size

Asset Type

Land

Closing

Nov 4, 2024

AI

A 6.94-acre waterfront property located at 135 Putnam Avenue in Barnstable, MA, has been sold for $3.2 million. This land offers panoramic views of Cotuit Bay and Nantucket Sound. The property comes with approved plans for a main residence, a second structure, a pool, and a tennis court, along with over 200 feet of sandy beach that includes access to a shared dock.

Summary of transaction details:

Paul Grover of Berkshire Hathaway HomeServices represented the seller in this transaction, ensuring the sale of this notable waterfront property.

Players

Paul Grover

Berkshire Hathaway HomeServices

Broker

$85.4M

vol

13 deals

Broker

Cotuit Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93