Updated Dec 19, 2023
Portfolio Real Estate Inc. Acquires Vineyard Haven Multifamily For $1.26M With Buyer's Rep Leslie C. Floyd & Seller's Rep Tina Miller
129 Canterbury Lane, Vineyard Haven, Massachusetts 02568, United States
$1,260,000
$505/SF
Building Size
2,493 SF
Asset Type
MultiFamily
Closing
Apr 14, 2022
About this deal
AI
The multifamily property located at 129 Canterbury Ln in Vineyard Haven, MA has been sold in a recent transaction. The property spans 2,493 square feet and was sold for a price of $1,260,000, resulting in a price per square foot of $505.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Address: 129 Canterbury Ln
- Market: Vineyard Haven, MA
- Buyer's Rep: Leslie C. Floyd - Portfolio Real Estate Inc.
- Seller's Rep: Tina Miller - Point B Realty
Leslie C. Floyd, representing Portfolio Real Estate Inc., acted as the buyer's representative in this transaction. Tina Miller, from Point B Realty, represented the seller. This successful sale showcases the expertise and professionalism of both individuals in facilitating the deal.
On the Map
$1,260,000
$505/SF
MultiFamily
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Players
Vineyard Haven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93