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39 Fox Island Road

Paul Grover Acquires 4.15-Acre Land In Osterville, MA For $2.25M
SOLDLand

Paul Grover Acquires 4.15-Acre Land In Osterville, MA For $2.25M

39 Fox Island Road

$2,250,000

Building Size

Asset Type

Land

Closing

Jan 24, 2024

AI

A 4.15-acre land parcel located at 39 Fox Island Road in Osterville, MA, was sold for $2,250,000.

Summary of transaction details:

Paul Grover from Berkshire Hathaway HomeServices represented the buyer in the transaction, while Jack "John" Cotton from Sotheby's International Realty represented the seller.

Players

Jack Cotton

Sotheby's International Realty

Broker

$19.4M

vol

4 deals

Broker

Osterville Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93