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Captain Knowles Way

Updated Dec 4, 2024

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

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:

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

John C. Ricotta & Associates

Broker

$1.6M

vol

1 deal

Broker

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

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