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2 Starboard Dr, Fairhaven, ...

Berkshire Hathaway HomeServices Acquires Fairhaven Multifamily For $1.44M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires Fairhaven Multifamily For $1.44M

2 Starboard Dr, Fairhaven, Massachusetts, USA

$1,440,000

$288/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Apr 13, 2021

AI

The multifamily property located at 2 Starboard Dr in Fairhaven, MA has been sold for a price of $1,440,000. The property spans across 5,000 square feet, resulting in a price per square foot of $288.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,440,000
  • Address: 2 Starboard Dr, Fairhaven, MA
  • Market: Fairhaven, MA

The seller's representative for this transaction was Mathew J. Arruda from Berkshire Hathaway HomeServices Robert Paul Properties, while the buyer was represented by John Mathieu from Oceanwood Real Estate.

Players

Mathew J. Arruda

Compass

Broker

$2.7M

vol

2 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage

Fairhaven MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.02%

Cash-on-Cash

-3.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93