Updated Dec 4, 2024
Mina O'keefe Acquires Multifamily Property In Chatham For $1.55M
Captain Knowles Way
$1,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 20, 2024
About this deal
AI
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:
- Property Type: Multifamily ~ ACRES: 1.34
- Transaction Amount: $1,550,000
- Address: 13 Captain Knowles Way
- Market: Chatham, MA
- Buyer's Rep: Mina O'keefe - Gibson Sotheby's International Realty
- Seller's Rep: Timothy Bailey - John C. Ricotta & Associates
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
Chatham 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93