Updated Dec 4, 2024
Coastal Point Properties Acquires 10.8-Acre Land In East Falmouth, MA For $1.4M
2 Lewis Street
$1,400,000
Building Size
—
Asset Type
Land
Closing
Oct 17, 2023
About this deal
AI
A 10.8-acre land parcel located at 2 Lewis Street in East Falmouth, MA, has been sold for $1.4 million. The transaction was completed on October 17, 2023. Sofia Naoom of Coastal Point Properties represented the buyer, while Valentina Globa of EXP Realty acted as the seller's representative in the deal.
Summary of transation details
- Property Type: Land
- Transaction Amount: $1,400,000
- Address: 2 Lewis Street, East Falmouth, MA
- Market: East Falmouth, MA
- Buyer's Representative: Sofia Naoom - Coastal Point Properties
- Seller's Representative: Valentina Globa - EXP Realty
Note: A 10.8-acre land parcel at 2 Lewis Street in East Falmouth, MA, has been sold for $1.4 million. Sofia Naoom of Coastal Point Properties represented the buyer, while Valentina Globa of EXP Realty served as the seller's representative in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93