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
Vineyard Haven 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93