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.
On the Map
$1,850,000
Land
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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