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Mina O'keefe Acquires Multifamily Property In Chatham For $1.55M

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SOLD
$1,550,000

Massachusetts

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MultiFamily
Sold 06/20/2024
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Property Image
SOLD

Mina O'keefe Acquires Multifamily Property In Chatham For $1.55M

Captain Knowles Way

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MultiFamily
Sold 06/20/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

A waterfront lot at 13 Captain Knowles Way in Chatham, MA, sold for $1.55 million, featuring 1.34 acres with over 180 feet of water frontage on Oyster River. The property, located in a highly sought-after neighborhood, offers deep water access to Nantucket Sound and the Atlantic Ocean, presenting an ideal opportunity for building a private, elevated dream home.

Summary of transation details:

The buyer's representative in this transaction was Mina O'keefe from Gibson Sotheby's International Realty, while the seller's representative was Timothy Bailey from John C. Ricotta & Associates.

Players

Timothy Bailey
1 deal$1.6M volume(508) 237-3274
BROKER

Mina O'keefe
Sotheby's International Realty
1 deal$1.6M volume(508) 221-1481
BROKER

Details

SOLD
IMAGE: Timothy Bailey & Mina O'keefe DATE: 06/20/2024 ADDRESS: 13 Captain Knowles Way MARKET: Chatham, MA ASSET TYPE: Multifamily ~ ACRES: 1.34 BUYER'S REP: Mina O'keefe (@MinaStefanova) - Gibson Sotheby's International Realty (@Gibson_SIR) SELLER'S REP: Timothy Bailey - John C. Ricotta & Associates SALE PRICE: $1,550,000 NOTE: A waterfront lot at 13 Captain Knowles Way in Chatham, MA, sold for $1.55 million, featuring 1.34 acres with over 180 feet of water frontage on Oyster River. The property, located in a highly sought-after neighborhood, offers deep water access to Nantucket Sound and the Atlantic Ocean, presenting an ideal opportunity for building a private, elevated dream home.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
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