facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

24 Sumner Park Road, Oak Bl...

Portfolio Real Estate Acquires Oak Bluffs Multifamily For $3.35M
SOLDMultiFamily

Portfolio Real Estate Acquires Oak Bluffs Multifamily For $3.35M

24 Sumner Park Road, Oak Bluffs, Massachusetts 02568, United States

$3,350,000

$661/SF

Building Size

5,064 SF

Asset Type

MultiFamily

Closing

Aug 18, 2022

AI

The multifamily property located at 24 Sumner Pk Rd in Oak Bluffs, MA has been sold for $3,350,000. The property spans across 5,064 square feet, resulting in a price per square foot of $662. The transaction took place on 08/19/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,350,000
  • Address: 24 Sumner Pk Rd, Oak Bluffs, MA
  • Date: 08/19/2022
  • Market: Oak Bluffs, MA

Leslie Floyd, representing Portfolio Real Estate Inc., acted as the buyer's representative in the deal, while Lesley Heidt, from Sandpiper Realty Inc., represented the seller.

Players

Lesley Heidt

Sandpiper Realty

Broker

$7.1M

vol

2 deals

Broker

Vineyard Haven 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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93