Benjamin Lincoln Acquires Multifamily In Nantucket For $5.5M
45 Pleasant St, Nantucket, Massachusetts 02554, United States
$5,495,000
$1,128/SF
Building Size
4,869 SF
Asset Type
MultiFamily
Closing
Feb 7, 2022
AI
The multifamily property located at 45 A & B Pleasant St in Nantucket, MA has been sold for a price of $5,495,000. The property spans 4,869 square feet, resulting in a price per square foot of $1,129.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,495,000
- Date: 02/08/2022
- Address: 45 A & B Pleasant St, Nantucket, MA
- Market: Nantucket, MA
The buyer in this transaction was represented by Benjamin Lincoln from Compass, while the seller was represented by Brigitte Petrocelli from Coldwell Banker Realty - Back Bay.
Players
Nantucket 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
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93