Updated Dec 4, 2024
Goodspeed Island Land Sold In Mattapoisett For $1.85M With Buyer's Rep Jeffrey Canastra And Seller's Rep Christopher M. Demakis
Goodspeed Island
$1,850,000
Building Size
—
Asset Type
Land
Closing
Nov 21, 2023
About this deal
AI
A 1.17-acre land parcel located on Goodspeed Island in Mattapoisett, MA has been sold for $1,850,000. The transaction took place on November 21, 2023. The land is classified as a vacant property with an area of 1.17 acres.
Summary of transation details
- Property Type: Land
- Transaction Amount: $1,850,000
- Address: Goodspeed Island, Mattapoisett, MA
- Market: Mattapoisett, MA
- Seller's Representative: Christopher M. Demakis - Demakis Family Real Estate
- Buyer's Representative: Jeffrey Canastra - Amaral & Associates RE
Representing the buyer was Jeffrey Canastra from Amaral & Associates RE, while Christopher M. Demakis from Demakis Family Real Estate represented the seller in this transaction.
Please note that no additional information regarding the deal was provided.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93