Ezzi Property Group Acquires Multifamily Property In East Sandwich, MA For $975K
59 Ploughed Neck Road, East Sandwich, Massachusetts 02537, United States
$975,000
$108/SF
Building Size
9,000 SF
Asset Type
MultiFamily
Closing
Apr 20, 2022
AI
The property involved in the transaction is a multifamily asset located at 59 Ploughed Neck Rd in East Sandwich, MA. The property spans across 1.88 acres and consists of 9 units. The transaction took place on 04/21/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Address: 59 Ploughed Neck Rd, East Sandwich, MA
- Market: East Sandwich, MA
- Unit Count: 9
- Acreage: 1.88 acres
The landlord involved in the transaction is Ezzi Property Group, represented by Marc Abou-Ezzi. The brokers who facilitated the deal were Jake Cremmen from FinanceBoston.
The loan obtained for this acquisition amounted to $975,000.
Players
East Sandwich MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93